Guideline Value for NAGAVALLIAMMAN KOIL STREET (WARD -2)

Nagavalliamman Koil Street (Ward -2) guideline value

The current guideline value of Nagavalliamman Koil Street (Ward -2) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Nagavalliamman Koil Street (Ward -2) has changed

The guideline value for Nagavalliamman Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was a decrease of 33% from the previous figure of Rs 804 per sq.ft in 2017. The value remained at Rs 1,200 per sq.ft until the 2023 revision, which increased it to Rs 1,200 per sq.ft. The latest revision in 2024 raised the value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Panangottur

In Panangottur, there are 419 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 per sq.ft, and the guideline value for Nagavalliamman Koil Street (Ward -2) is above this median.

• Nagavalliamman Koil Street (Ward -8): Rs 1,980 per sq.ft (2024)
• Nainar Mohamed Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Nakkeeran Street (Ward -4): Rs 1,760 per sq.ft (2024)
• Nalliagodan Street (Ward -6): Rs 1,320 per sq.ft (2024)
• Nammalwar Street (Ward -5): Rs 1,320 per sq.ft (2024)
• Muthuramalinga Sethupathy Salai(1st Cross St) (Ward -8): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Nagavalliamman Koil Street (Ward -2)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagavalliamman Koil Street (Ward -2)?

The Sub Registrar Office that covers Nagavalliamman Koil Street (Ward -2) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Panangottur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both the buyer and seller. This value is used to calculate the necessary fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Nagavalliamman Koil Street (Ward -2)?

The current guideline value for Nagavalliamman Koil Street (Ward -2) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,320 per sq.ft in 2024, reflecting a 10% increase. The value was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012, showing fluctuations over the years.

What is the median guideline value in Panangottur?

The median guideline value in Panangottur is Rs 990 per sq.ft. The guideline value for Nagavalliamman Koil Street (Ward -2) is above this median.

What is the registration office for Nagavalliamman Koil Street (Ward -2)?

The registration office for Nagavalliamman Koil Street (Ward -2) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Nagavalliamman Koil Street (Ward -2)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 13,20,000, the stamp duty at 7% would be Rs 92,400.