Guideline Value for Nagammai Nagar 1st Street

Nagammai Nagar 1st Street guideline value

The current guideline value of Nagammai Nagar 1st Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Nagammai Nagar 1st Street has changed

The guideline value for Nagammai Nagar 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which decreased to Rs 938 per sq.ft in the 2017 revision. This was a significant drop of 33%. Following this, the value rose to Rs 1,400 per sq.ft in the 2023 revision, and then further increased to Rs 1,500 per sq.ft in the 2024 revision, marking a 7% increase from the previous year.

Looking at the changes, from 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 7%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Nagammai Nagar 1st Street is below this median.

• Nagammai Nagar 2nd Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 3rd Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 4th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 5th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 6th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 7th Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Nagammai Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000. 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 Nagammai Nagar 1st Street?

The Sub Registrar Office that covers Nagammai Nagar 1st Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is assessed to calculate the applicable fees. This ensures that both parties are aware of the financial obligations involved in the transaction, based on the official valuation set by the government.

Frequently asked questions

What is the current guideline value of Nagammai Nagar 1st Street?

The current guideline value of Nagammai Nagar 1st Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2023 to Rs 1,500 per sq.ft in 2024, a 7% increase. It was Rs 938 per sq.ft in 2017, showing a significant increase of 49% to the 2023 figure.

What is the land classification for Nagammai Nagar 1st Street?

Nagammai Nagar 1st Street is classified as Residential Class III Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office serves Nagammai Nagar 1st Street?

The Ambattur Sub Registrar Office serves Nagammai Nagar 1st Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.