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 Peramanoor village and falls under the Chengleput Joint II SRO with a land classification of Residential Special Type - II.

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

The guideline value for Nagavalliamman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged in the 2017 revision, where it dropped to Rs 1,206 per sq.ft. Subsequently, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,980 per sq.ft.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024. 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 Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value for these streets is Rs 1,100 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 amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total fees Rs 1,78,200. Duty is charged on the higher of the guideline value or the sale price.

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

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

The Sub Registrar Office that covers Nagavalliamman Koil Street (Ward -8) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees when registering a property sale or purchase. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value helps to establish the minimum sale price for registration purposes. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected based on the guideline value or the actual sale price, whichever is higher.

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?

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?

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

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher, along with a registration fee of 2%.

Where can I find the Chengleput Joint II SRO?

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