Guideline Value for Nagammai Nagar 6th Street

Nagammai Nagar 6th Street guideline value

The current guideline value of Nagammai Nagar 6th 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 6th Street has changed

The guideline value for Nagammai Nagar 6th Street has been revised several times. The earliest recorded revision was in 2002, but the register has no figure for this street in that year. In 2003, there is also no figure recorded. The 2012 revision set the guideline value at Rs 1,400 per sq.ft. This increased to Rs 1,500 per sq.ft in the 2024 revision, marking a 7% increase from the 2012 figure.

There are no figures for the revisions in 2007, 2017, and 2023. The current guideline value of Rs 1,500 per sq.ft reflects the latest revision and is applicable from 1 July 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, indicating that Nagammai Nagar 6th Street's 2024 figure is below the median.

• Nagammai Nagar 5th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 7th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 4th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 8th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 3rd Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 9th Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Nagammai Nagar 6th 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Nagammai Nagar 6th Street?

The Sub Registrar Office that covers Nagammai Nagar 6th Street is the Ambattur Sub Registrar Office. The address is 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 when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the registration fees and stamp duty applicable on property transactions. Buyers must be aware that the guideline value may influence the overall cost involved in the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue based on the established guideline values, which are periodically revised to reflect market conditions.

Frequently asked questions

What is the current guideline value of Nagammai Nagar 6th Street?

The current guideline value of Nagammai Nagar 6th 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 1,500 per sq.ft in 2024, reflecting a 7% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2017, and 2023.

What is the classification of land in Nagammai Nagar 6th Street?

Nagammai Nagar 6th Street is classified as Residential Class III Type - II. This classification is important for determining the usage and potential development of the land.

What is the median guideline value in Thirumullaivoyal?

The median guideline value in Thirumullaivoyal is Rs 2,400 per sq.ft. This indicates that the guideline value of Nagammai Nagar 6th Street is below the median for the area.

Where can I find the Sub Registrar Office for Nagammai Nagar 6th Street?

The Sub Registrar Office for Nagammai Nagar 6th Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find more information on how to locate your SRO online.