Guideline Value for Nagammai Nagar 9th Street

Nagammai Nagar 9th Street guideline value

The current guideline value of Nagammai Nagar 9th 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 falls under the Residential Class III Type - II land classification.

How the guideline value of Nagammai Nagar 9th Street has changed

The guideline value for Nagammai Nagar 9th Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,500 per sq.ft, which is a 7% increase from the 2012 revision of Rs 1,400 per sq.ft. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street.

Prior to the 2024 revision, the last recorded figure was from 2012. The guideline value has seen a steady increase from Rs 1,400 per sq.ft in 2012 to Rs 1,500 per sq.ft in 2024. This change reflects a consistent upward movement in the guideline value over the years.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that have 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 for Nagammai Nagar 9th Street is below this median.

• Nagammai Nagar 8th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 7th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 6th Street: Rs 1,500 per sq.ft (2024)
• Nagammai Nagar 5th 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 9th 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, bringing the total to Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nagammai Nagar 9th Street?

The Sub Registrar Office that covers Nagammai Nagar 9th 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 in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, understanding the guideline value helps both buyers and sellers to ascertain the financial implications of their agreements. It is advisable to consult the latest figures to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Nagammai Nagar 9th Street?

The current guideline value of Nagammai Nagar 9th 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, representing a 7% increase. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002.

What are the stamp duty and registration fees for property in Nagammai Nagar 9th Street?

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 Nagammai Nagar 9th Street?

The Ambattur Sub Registrar Office covers Nagammai Nagar 9th Street. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Nagammai Nagar 9th Street?

Nagammai Nagar 9th Street is classified as Residential Class III Type - II. This classification is important for understanding the zoning and development regulations applicable to the area.