Guideline Value for NAMMALWAR NAGAR

Nammalwar Nagar guideline value

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

How the guideline value of Nammalwar Nagar has changed

The guideline value for Nammalwar Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 374 per sq.ft. The 2024 revision maintained this value, showing no increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a 50% increase in the guideline value. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures recorded for this street.

Guideline values in Agaram

In Agaram, there are 10 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 102 to Rs 374 per sq.ft. The median value for these streets is Rs 126 per sq.ft, placing Nammalwar Nagar's guideline value above this median.

• Mettu Street: Rs 102 per sq.ft (2024)
• Perumal Kovil Street: Rs 102 per sq.ft (2024)
• Gangaiamman Kovil Street: Rs 102 per sq.ft (2024)
• Eden Garden Farm Land: Rs 102 per sq.ft (2024)
• Sri Ram Avenue: Rs 150 per sq.ft (2024)
• Dnh Sri Maheswari Avenue: Rs 352 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 amounts to Rs 3,74,000. The stamp duty at 7% would be Rs 26,180, and the registration fee at 2% would be Rs 7,480, bringing the total fees 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nammalwar Nagar?

Nammalwar Nagar falls under the jurisdiction of the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Agaram, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the transaction process.

When a property is sold, the guideline value serves as a reference point for both buyers and sellers, ensuring that the registration process is transparent and standardized. It is essential for both parties to be aware of the current guideline value to avoid any 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 2023. There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street.

What is the registration fee for property in Nammalwar Nagar?

The registration fee is calculated based on the guideline value. For a property valued at Rs 3,74,000, the registration fee would be Rs 7,480 at a rate of 2%.

Which Sub Registrar Office covers Nammalwar Nagar?

The Sunguvarchattram Sub Registrar Office covers Nammalwar Nagar, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration value of a property and is essential for calculating the stamp duty and registration fees. It ensures that the registration process is consistent and fair for all property transactions.