Guideline Value for Nagammal Nagar 1st Cross Street

Nagammal Nagar 1st Cross Street guideline value

The current guideline value of Nagammal Nagar 1st Cross Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village and falls under the Pammal SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Nagammal Nagar 1st Cross Street has changed

The guideline value for Nagammal Nagar 1st Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,407 per sq.ft. This increased to Rs 2,099 per sq.ft in the 2023 revision, marking a significant rise of 49%. The latest revision in 2024 has further increased the guideline value to Rs 2,350 per sq.ft, which is a 12% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value in this area is Rs 1,980 per sq.ft, placing Nagammal Nagar 1st Cross Street's 2024 value above this median.

• Nagammal Nagar: Rs 2,350 per sq.ft (2024)
• Nagammal Nagar 2nd Cross Street: Rs 2,350 per sq.ft (2024)
• Nagammal Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Muthuthirulandi Nagar 3rd Street: Rs 1,760 per sq.ft (2024)
• Muthuthirulandi Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Muthuthirulandi Nagar 1st Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Nagammal Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total cost for these fees to Rs 2,11,500. 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 specific calculations.

Which Sub Registrar Office covers Nagammal Nagar 1st Cross Street?

The Sub Registrar Office that covers Nagammal Nagar 1st Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Anakaputhur, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value serves as a reference point for calculating stamp duty and registration fees.

It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Nagammal Nagar 1st Cross Street?

The current guideline value of Nagammal Nagar 1st Cross Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 67% over this period.

What is the stamp duty rate for properties in Nagammal Nagar 1st Cross Street?

The stamp duty rate for properties in Nagammal Nagar 1st Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Nagammal Nagar 1st Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft, with Nagammal Nagar 1st Cross Street's value of Rs 2,350 per sq.ft being above this median.