Guideline Value for Nagammal Nagar 2nd Cross Street

Nagammal Nagar 2nd Cross Street guideline value

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

How the guideline value of Nagammal Nagar 2nd Cross Street has changed

The guideline value for Nagammal Nagar 2nd Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,407 per sq.ft. In 2023, this increased to Rs 2,099 per sq.ft, reflecting a significant change of 49% over six years. The most recent revision in 2024 raised the guideline value to Rs 2,350 per sq.ft, marking 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 the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Nagammal Nagar 2nd Cross Street's 2024 figure above that median.

• Nagammal Nagar 1st Cross Street: Rs 2,350 per sq.ft (2024)
• Nagammal Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Nagammal Nagar: 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 2nd 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 would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total 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 detailed calculations.

Which Sub Registrar Office covers Nagammal Nagar 2nd Cross Street?

The Sub Registrar Office that covers Nagammal Nagar 2nd 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 a crucial factor when registering property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transfer of property ownership. Buyers should be aware of these values to prepare for the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Nagammal Nagar 2nd Cross Street?

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

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 1,407 per sq.ft to Rs 2,350 per sq.ft in 2024, which is an overall increase of 67%.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 at 7%, and the registration fee would be Rs 47,000 at 2%, totaling Rs 2,11,500.

Which Sub Registrar Office covers this area?

The Pammal Sub Registrar Office covers Nagammal Nagar 2nd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets with the same guideline value?

Yes, there are other streets in Anakaputhur, such as Nagammal Nagar 1st Cross Street, Nagammal Nagar Main Road, and Nagammal Nagar, all with a guideline value of Rs 2,350 per sq.ft for 2024.