Guideline Value for Nagammal Nagar

Nagammal Nagar guideline value

The current guideline value of Nagammal Nagar, located in Anakaputhur village under the Pammal SRO, is Rs 2,350 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Nagammal Nagar has changed

The guideline value for Nagammal Nagar has seen significant changes over the years. In 2003, the value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007. By 2017, it had risen dramatically to Rs 1,407 per sq.ft, marking a 369% increase from the 2007 figure. The value further increased to Rs 2,099 per sq.ft in 2023, representing a 49% rise from 2017.

The most recent revision in 2024 has set the guideline value at Rs 2,350 per sq.ft, which is a 12% increase from the previous year. Overall, from 2003 to 2024, the guideline value has increased by 818%. It is important to note that the register has no figures for the years 2002 and 2012 for this street.

Guideline values in Anakaputhur

In Anakaputhur, there are a total of 501 streets under the Pammal SRO that carry a 2024 guideline value. The values range from Rs 1,320 to Rs 4,640 per sq.ft, with a median of Rs 1,980 per sq.ft. The guideline value for Nagammal Nagar is above this median.

• Nagammal Nagar 1st Cross Street: 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

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 or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nagammal Nagar?

The Sub Registrar Office that covers Nagammal Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 stamp duty and registration fees applicable during the sale or purchase of property.

When a property is bought or sold, the guideline value ensures that the transaction is recorded at a fair value, thereby helping in the assessment of taxes owed. Buyers and sellers should be aware of the current guideline value to accurately calculate their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Nagammal Nagar?

The current guideline value of Nagammal Nagar 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 256 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 818% over this period.

What is the land classification of Nagammal Nagar?

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

Where can I find the Sub Registrar Office for Nagammal Nagar?

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

How is stamp duty calculated for properties in Nagammal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 at a rate of 7%.