Guideline Value for Nagammai Nagar 5th Street

Nagammai Nagar 5th Street guideline value

The current guideline value of Nagammai Nagar 5th 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 5th Street has changed

In the 2012 revision, the guideline value was Rs 1,400 per sq.ft. From 2012 to the 2024 revision, there has been an increase of 7%, bringing the current value to Rs 1,500 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the only recorded revisions for Nagammai Nagar 5th Street are from 2012 and the current 2024 figure. The absence of figures in the other years indicates a lack of changes recorded in the guideline value for this street during those periods.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are a total of 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, which means that the current value of Nagammai Nagar 5th Street is below this median.

• Nagammai Nagar 4th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 6th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 3rd Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 7th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 2nd Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 8th Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Nagammai Nagar 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the 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. Together, the total cost for these fees would be Rs 1,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nagammai Nagar 5th Street?

The Sub Registrar Office that covers Nagammai Nagar 5th Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Thirumullaivoyal, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider the guideline value to ensure compliance with local regulations during the registration process.

When a property is bought or sold, the registration office uses the guideline value to calculate applicable fees, such as stamp duty and registration charges. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Nagammai Nagar 5th Street?

The current guideline value of Nagammai Nagar 5th 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 increased from Rs 1,400 per sq.ft in 2012 to Rs 1,500 per sq.ft in 2024, which represents a 7% increase. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification of Nagammai Nagar 5th Street?

Nagammai Nagar 5th Street is classified as Residential Class III Type - II. This classification is important for determining the guideline value and other regulatory aspects.

What are the stamp duty and registration fees for properties here?

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 covers this area?

The Ambattur Sub Registrar Office covers Nagammai Nagar 5th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.