Guideline Value for Nagammai Nagar 7th Street

Nagammai Nagar 7th Street guideline value

The current guideline value of Nagammai Nagar 7th 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 7th Street has changed

In the 2012 revision, the guideline value was Rs 1,400 per sq.ft. With the 2024 revision, this figure increased to Rs 1,500 per sq.ft, marking a change of +7% from the previous revision. The register has no figure for this street for the years 2002, 2003, 2007, 2017, and 2023.

Thus, the only revisions that provide a figure for Nagammai Nagar 7th Street are from 2012 and 2024. The increase from Rs 1,400 to Rs 1,500 indicates a notable adjustment in the guideline value over the years.

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 of Nagammai Nagar 7th Street is below this median.

• Nagammai Nagar 6th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 8th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 5th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 9th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 4th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 3rd Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Nagammai Nagar 7th 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, totaling Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagammai Nagar 7th Street?

The Sub Registrar Office that covers Nagammai Nagar 7th 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 critical factor during the registration of property transactions in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that are payable when buying or selling property.

When a property is sold, the guideline value is used to assess the applicable duties, ensuring that the fees reflect the official valuation set by the authorities. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Nagammai Nagar 7th Street?

The current guideline value of Nagammai Nagar 7th 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, representing a +7% change. There are no figures available for the years 2002, 2003, 2007, 2017, and 2023.

What is the classification of Nagammai Nagar 7th Street?

Nagammai Nagar 7th Street is classified as Residential Class III Type - II. This classification indicates the type of residential development permitted in the area.

What are the stamp duty and registration fees for property in Nagammai Nagar 7th Street?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot valued at Rs 15,00,000, the total fees would amount to Rs 1,35,000.

Which office handles registrations for Nagammai Nagar 7th Street?

The Ambattur Sub Registrar Office handles registrations for Nagammai Nagar 7th Street. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.