Guideline Value for Nagammal Nagar Main Road

Nagammal Nagar Main Road guideline value

The current guideline value of Nagammal Nagar Main Road is Rs 2,350 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Nagammal Nagar Main Road has seen several revisions over the years. The earliest recorded figure is from 2017, which was Rs 1,407 per sq.ft. This increased to Rs 2,099 per sq.ft in 2023, marking a 49% rise. The most recent revision in 2024 sets the value at Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

There are no guideline value figures available for the years 2012, 2007, 2003, and 2002 for this street. Overall, from 2017 to 2024, the guideline value has increased by 67%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a 2024 guideline value range 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, positioning Nagammal Nagar Main Road's 2024 figure above this median.

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

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 to Rs 2,11,500. It is important to note that the 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 Nagammal Nagar Main Road?

The Nagammal Nagar Main Road falls under 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 during the registration of property transactions in Anakaputhur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges reflect the current market conditions as defined by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Nagammal Nagar Main Road?

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

How 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 land classification for Nagammal Nagar Main Road?

Nagammal Nagar Main Road is classified as Residential Class III Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

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

Which Sub Registrar Office is responsible for Nagammal Nagar Main Road?

The Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu zone, covers Nagammal Nagar Main Road.