Guideline Value for Nagammai Street (V.L.Puram)

Nagammai Street (V.L.Puram) guideline value

The current guideline value of Nagammai Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO and is classified as Residential Special Type - I.

How the guideline value of Nagammai Street (V.L.Puram) has changed

Over the years, the guideline value of Nagammai Street (V.L.Puram) has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,200 per sq.ft and finally, the 2024 revision established the current value at Rs 2,400 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a rise of 9%. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value range from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Nagammai Street (V.L.Puram) above that median.

• Naganathan Street: Rs 2,400 per sq.ft (2024)
• Nagathamman Koil Street(A.K.A): Rs 1,400 per sq.ft (2024)
• Nagathamman Street A.K.A.Nagar: Rs 1,400 per sq.ft (2024)
• Muthuvalli Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Nainiammal Street: Rs 1,600 per sq.ft (2024)
• Muthuraman Street (Ram Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nagammai Street (V.L.Puram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagammai Street (V.L.Puram)?

The Sub Registrar Office that covers Nagammai Street (V.L.Puram) 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 details.

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

The guideline value is a crucial factor when registering property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the buying or selling process.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is in line with the established values in the region.

Frequently asked questions

What is the current guideline value of Nagammai Street (V.L.Puram)?

The current guideline value of Nagammai Street (V.L.Puram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase being from Rs 2,200 per sq.ft in 2023 to Rs 2,400 per sq.ft in 2024. The value was Rs 1,474 per sq.ft in 2017 and Rs 2,200 per sq.ft in 2012.

What is the land classification for Nagammai Street (V.L.Puram)?

Nagammai Street (V.L.Puram) is classified as Residential Special Type - I under the current guidelines.

Where can I find the Sub Registrar Office for Nagammai Street (V.L.Puram)?

The Sub Registrar Office for Nagammai Street (V.L.Puram) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Nagammai Street (V.L.Puram)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 24,00,000, resulting in a stamp duty of Rs 1,68,000.