Guideline Value for Nagammal Street

Nagammal Street guideline value

The current guideline value of Nagammal Street is Rs 950 per sq.ft. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Nagammal Street has changed

The guideline value of Nagammal Street has seen several revisions over the years. The 2007 revision set the value at Rs 450 per sq.ft, which increased to Rs 900 per sq.ft in the 2012 revision. However, this figure decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the 2023 revision raised the value to Rs 900 per sq.ft, and the most recent 2024 revision has set it at Rs 950 per sq.ft, reflecting a 6% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 111%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Nagammal Street for 2024 is below this median.

• Nagammai Street: Rs 950 per sq.ft (2024)
• Nagarajan Street: Rs 950 per sq.ft (2024)
• Nakkeeran Street: Rs 950 per sq.ft (2024)
• Muthusamy Street: Rs 1,600 per sq.ft (2024)
• Muthuramalingam Devar Street: Rs 1,800 per sq.ft (2024)
• Nalvar Street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nagammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, bringing the total cost for these fees to Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagammal Street?

The Sub Registrar Office that covers Nagammal Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Selaiyur

The guideline value is a key factor when registering property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be sold or bought, ensuring that the transaction is recorded at a fair value as per the government regulations.

When you buy or sell a property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are essential for the legal transfer of property ownership and are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Nagammal Street?

The current guideline value of Nagammal Street is Rs 950 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed several times, from Rs 450 per sq.ft in 2007 to Rs 950 per sq.ft in 2024, marking an overall increase of 111% since 2007.

What are the stamp duty and registration fees for properties on Nagammal Street?

For a property valued at Rs 9,50,000, the stamp duty would be Rs 66,500 and the registration fee would be Rs 19,000, totaling Rs 85,500.

Where is the Sub Registrar Office located for Nagammal Street?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What is the land classification of Nagammal Street?

Nagammal Street is classified as Residential Class IV Type - II according to the guidelines.