Guideline Value for Nagammai Nagar 4th Street

Nagammai Nagar 4th Street guideline value

The current guideline value for Nagammai Nagar 4th 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 it falls under the Residential Class III Type - II land classification.

How the guideline value of Nagammai Nagar 4th Street has changed

The guideline value for Nagammai Nagar 4th Street has seen several revisions over the years. The earliest recorded revision was in 2012, where the guideline value was Rs 1,400 per sq.ft. The most recent revision in 2024 increased this value to Rs 1,500 per sq.ft, marking a change of +7% from the 2012 figure.

There are no recorded figures for the years 2002, 2003, 2007, 2017, and 2023 in the register for this street. The only revisions available are from 2012 and 2024.

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. The median guideline value in this village is Rs 2,400 per sq.ft, which means that Nagammai Nagar 4th Street's 2024 figure is below that median.

• Nagammai Nagar 1st Street: Rs 1,500 per sq.ft (2024)
• 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 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to 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, bringing the total cost for these fees to Rs 1,35,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagammai Nagar 4th Street?

The Sub Registrar Office that covers Nagammai Nagar 4th 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 a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees payable during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Nagammai Nagar 4th Street?

The current guideline value of Nagammai Nagar 4th 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 for Nagammai Nagar 4th Street was Rs 1,400 per sq.ft in 2012, which increased to Rs 1,500 per sq.ft in 2024, marking a change of +7%.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft, which indicates that Nagammai Nagar 4th Street's current value is below this median.

What fees are associated with buying property in Nagammai Nagar 4th Street?

When purchasing property, buyers need to consider stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nagammai Nagar 4th Street?

The Sub Registrar Office for Nagammai Nagar 4th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.