Guideline Value for NAGAVALLI AMMAN KOIL ST

Nagavalli Amman Koil St guideline value

The current guideline value of Nagavalli Amman Koil St is Rs 810 per sq.ft, effective from 1 July 2024. This street is located in Vilingiyambakkam village, under the Avadi SRO, and is classified as Residential Class I Type - III.

How the guideline value of Nagavalli Amman Koil St has changed

The guideline value for Nagavalli Amman Koil St has undergone several revisions over the years. The 2012 revision set the value at Rs 650 per sq.ft, which then decreased to Rs 435 per sq.ft in 2017. Following this, the value increased significantly to Rs 650 per sq.ft in the 2023 revision, and then further rose to Rs 810 per sq.ft in the 2024 revision, marking a 25% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 25%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median value of Rs 935 per sq.ft. Nagavalli Amman Koil St's 2024 figure is below this median.

• Nagavalli Amman St: Rs 810 per sq.ft (2024)
• Nagarathinam Nagar: Rs 810 per sq.ft (2024)
• Nakkeeran St: Rs 810 per sq.ft (2024)
• Nammalvar St: Rs 935 per sq.ft (2024)
• Nandavana Mettur Main Road: Rs 1,310 per sq.ft (2024)
• Muthukumaran Street: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Nagavalli Amman Koil St

For a 1,000 sq.ft plot at the current rate of Rs 810 per sq.ft, the guideline value totals Rs 8,10,000. The stamp duty at 7% would amount to Rs 56,700, while the registration fee at 2% would be Rs 16,200, bringing the total to Rs 72,900. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nagavalli Amman Koil St?

The Sub Registrar Office that covers Nagavalli Amman Koil St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vilingiyambakkam

The guideline value is a critical factor in the registration process when buying or selling property in Vilingiyambakkam. It determines the base value on which stamp duty and registration fees are calculated, ensuring that these costs are aligned with the official valuation of the property.

When a property transaction occurs, the guideline value serves as a reference point for both the buyer and the seller. It helps in establishing a fair price for the transaction, ensuring transparency and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Nagavalli Amman Koil St?

The current guideline value of Nagavalli Amman Koil St is Rs 810 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then back to Rs 650 per sq.ft in 2023, and finally to Rs 810 per sq.ft in 2024.

What is the land classification for Nagavalli Amman Koil St?

Nagavalli Amman Koil St is classified as Residential Class I Type - III.

Where can I find the registration office for Nagavalli Amman Koil St?

The registration office for Nagavalli Amman Koil St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Vilingiyambakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, if the guideline value is Rs 8,10,000, the stamp duty at 7% would be Rs 56,700.