Guideline Value for Nagammai Nagar 3rd Street

Nagammai Nagar 3rd Street guideline value

The current guideline value of Nagammai Nagar 3rd Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Nagammai Nagar 3rd Street has changed

In the 2012 revision, the guideline value was set at Rs 1,400 per sq.ft. This figure decreased to Rs 938 per sq.ft in the 2017 revision, representing a decline of 33%. However, the guideline value saw a significant increase to Rs 1,500 per sq.ft in the 2024 revision, marking a rise of 60% from the 2017 figure. The register has no figure for the years 2002, 2003, 2007, and 2023 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 7%. The changes reflect the fluctuations in the guideline value over the years, showcasing the variations that have occurred.

Guideline values in Thirumullaivoyal

Thirumullaivoyal has a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 2,400 per sq.ft, indicating that the guideline value of Nagammai Nagar 3rd Street is below this median.

• Nagammai Nagar 2nd Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 4th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 1st 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 3rd 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 amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to 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.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nagammai Nagar 3rd Street?

The Sub Registrar Office that covers Nagammai Nagar 3rd 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 is an important factor in property transactions in Thirumullaivoyal, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with registration requirements.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nagammai Nagar 3rd Street?

The current guideline value of Nagammai Nagar 3rd 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 2012 to Rs 938 per sq.ft in 2017, and then increased to Rs 1,500 per sq.ft in 2024. The register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

What is the land classification of Nagammai Nagar 3rd Street?

Nagammai Nagar 3rd Street is classified as Residential Class III Type - II according to the guidelines set by the authorities.

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. The duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Nagammai Nagar 3rd Street?

The registration for Nagammai Nagar 3rd Street is handled by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.