Guideline Value for NAGAVALLIAMMAN KOIL STREET(WARD -8)

Nagavalliamman Koil Street(Ward -8) guideline value

The current guideline value for Nagavalliamman Koil Street (Ward -8) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Panangottur village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Nagavalliamman Koil Street(Ward -8) has changed

The guideline value for Nagavalliamman Koil Street has seen several revisions over the years. The 2012 revision recorded a value of Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, the changes between revisions show a 49% increase from 2017 to 2023, while there was a 33% decrease from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Panangottur

In Panangottur village, there are 419 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median value is Rs 990 per sq.ft, placing Nagavalliamman Koil Street's 2024 figure above this median.

• Nagavalliamman Koil Street (Ward -2): Rs 1,320 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)
• Nanmullaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Nagavalliamman Koil Street(Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagavalliamman Koil Street(Ward -8)?

The Sub Registrar Office covering Nagavalliamman Koil Street (Ward -8) 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 plays a crucial role during the registration process when buying or selling property in Panangottur. It serves as a reference for calculating stamp duty and registration fees, ensuring that these fees are based on a standardized value set by the government.

When a property is sold, the guideline value can influence the transaction, as it is used to determine the minimum value on which stamp duty is calculated. Buyers and sellers should be aware of this value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value for Nagavalliamman Koil Street(Ward -8)?

The current guideline value for Nagavalliamman Koil Street (Ward -8) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification for Nagavalliamman Koil Street(Ward -8)?

Nagavalliamman Koil Street (Ward -8) is classified as Residential Special Type - II under the Chengleput Joint II SRO.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Panangottur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 19,80,000, the stamp duty would be calculated at 7% of this amount.