Guideline Value for NAMMALWAR NAGAR

Nammalwar Nagar guideline value

The current guideline value of Nammalwar Nagar is Rs 374 per sq.ft, effective from 1 July 2024. This area is located in AagaramB village under the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Nammalwar Nagar has changed

The guideline value for Nammalwar Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 250 per sq.ft, which remained unchanged in the 2023 revision at Rs 374 per sq.ft. With the 2024 revision also maintaining the same value of Rs 374 per sq.ft, there has been a 50% increase from 2017 to 2023 and an overall increase of 50% from 2017 to 2024.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register. Therefore, the most recent figures are from 2017, 2023, and 2024, which have remained consistent at Rs 374 per sq.ft since 2023.

Guideline values in AagaramB

AagaramB has a range of guideline values across its streets, with 10 streets under the Sunguvarchattram SRO carrying a 2024 figure ranging from Rs 100 to Rs 374 per sq.ft. The median guideline value in this village is Rs 125 per sq.ft, placing Nammalwar Nagar's 2024 figure above that median.

• Mettu Street: Rs 100 per sq.ft (2024)
• Perumal Kovil Street: Rs 100 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 100 per sq.ft (2024)
• Eden Garden Farm Land: Rs 100 per sq.ft (2024)
• Sri Ram Avenue: Rs 150 per sq.ft (2024)
• Dnh Sri Maheswari Avenue: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Nammalwar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 374 per sq.ft, the total guideline value would be Rs 3,74,000. The stamp duty at 7% would amount to Rs 26,180, and the registration fee at 2% would be Rs 7,480, bringing the total fees together to Rs 33,660. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nammalwar Nagar?

The Nammalwar Nagar area falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in AagaramB, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Both buyers and sellers should be aware that the guideline value serves as a benchmark for property transactions, and it is essential to refer to the latest figures to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Nammalwar Nagar?

The current guideline value of Nammalwar Nagar is Rs 374 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 374 per sq.ft from 2023 to 2024, with a 50% increase from Rs 250 per sq.ft in 2017 to Rs 374 per sq.ft in 2023.

What are the other streets in AagaramB and their guideline values?

Other streets in AagaramB include Mettu Street, Perumal Kovil Street, Gangaiamman Kovil Street, Eden Garden Farm Land, Sri Ram Avenue, and Dnh Sri Maheswari Avenue, with values ranging from Rs 100 to Rs 350 per sq.ft.

What are the stamp duty and registration fees for properties in Nammalwar Nagar?

For a property valued at Rs 3,74,000, the stamp duty would be Rs 26,180 and the registration fee would be Rs 7,480, totaling Rs 33,660.

Where is the Sub Registrar Office for Nammalwar Nagar located?

The Sub Registrar Office for Nammalwar Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.