Guideline Value for Nagammal Avenue

Nagammal Avenue guideline value

The current guideline value of Nagammal Avenue is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village, under the Ambattur SRO, and falls under the Residential Class II Type - I land classification.

How the guideline value of Nagammal Avenue has changed

The guideline value for Nagammal Avenue has undergone several revisions over the years. In 2012, the guideline value was Rs 800 per sq.ft, which then decreased to Rs 536 per sq.ft in 2017. Following this, the value increased significantly to Rs 800 per sq.ft in 2023 and further rose to Rs 880 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for these streets is Rs 870 per sq.ft, making the 2024 guideline value of Nagammal Avenue above the median.

• Nagarajan Main Road: Rs 880 per sq.ft (2024)
• Naavithar Street: Rs 806 per sq.ft (2024)
• Naaladiyar Street: Rs 880 per sq.ft (2024)
• Nainiappan Street: Rs 880 per sq.ft (2024)
• Muslim Street: Rs 805 per sq.ft (2024)
• Munusami Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Nagammal Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nagammal Avenue?

The Sub Registrar Office covering Nagammal Avenue 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 Kovilpathagai

The guideline value serves as a benchmark for property transactions in Kovilpathagai. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all parties adhere to the legal requirements set by the Registration Department.

It is essential for buyers and sellers to be aware of the guideline value as it influences the overall cost of property transactions. Accurate knowledge of the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Nagammal Avenue?

The current guideline value of Nagammal Avenue is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then increased to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the median guideline value in Kovilpathagai?

The median guideline value in Kovilpathagai is Rs 870 per sq.ft, which is above the guideline value of Nagammal Avenue.

What are the stamp duty and registration fees for property in Nagammal Avenue?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000, leading to a stamp duty of Rs 61,600 and a registration fee of Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Nagammal Avenue?

The Ambattur Sub Registrar Office covers Nagammal Avenue, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.