Guideline Value for NAGAVALLI AMMAN ST

Nagavalli Amman St guideline value

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

How the guideline value of Nagavalli Amman St has changed

The guideline value for Nagavalli Amman St has seen several revisions over the years. The earliest recorded figure is from 2012, where it was Rs 650 per sq.ft. This value remained until the 2017 revision, which decreased to Rs 435 per sq.ft. Subsequently, the value increased to Rs 650 per sq.ft in 2023, and further rose to Rs 810 per sq.ft in 2024, marking a 25% increase from the previous year.

Between the 2017 and 2023 revisions, the value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, 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. The guideline value for Nagavalli Amman St is below this median.

• Nagavalli Amman Koil 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 St

For a 1,000 sq.ft plot at the current guideline value of Rs 810 per sq.ft, the total guideline value would be Rs 8,10,000. The stamp duty at 7% would amount to Rs 56,700, and the registration fee at 2% would be Rs 16,200, bringing the total cost for these fees to Rs 72,900. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nagavalli Amman St?

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

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

The guideline value is essential when registering a property in Vilingiyambakkam, as it determines the minimum value for which a property can be registered. This value is used to calculate the stamp duty and registration fees payable during the transaction.

When buying or selling property, it is crucial to be aware of the guideline value as it affects the overall transaction costs. Buyers should ensure that the sale price is in line with the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Nagavalli Amman St?

The current guideline value of Nagavalli Amman 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 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 St?

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

What are the stamp duty and registration fees for property in Nagavalli Amman St?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,10,000, with stamp duty at Rs 56,700 and registration fee at Rs 16,200, totaling Rs 72,900.

Which office handles registrations for Nagavalli Amman St?

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