Guideline Value for Nagammal Street

Nagammal Street guideline value

The current guideline value of Nagammal Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village under the AnnaNagar SRO, classified as Residential Class II Type - I.

How the guideline value of Nagammal Street has changed

The guideline value for Nagammal Street has undergone several revisions over the years. In 2002, the guideline value was Rs 449 per sq.ft. This increased to Rs 504 per sq.ft in 2003, marking a 12% rise. The value then saw a significant increase to Rs 1,000 per sq.ft in 2007, representing a 98% jump. Following this, the value surged to Rs 4,000 per sq.ft in 2012, a remarkable increase of 300%. However, in 2017, the value decreased to Rs 2,680 per sq.ft, reflecting a decline of 33%. The guideline value then rose again to Rs 4,000 per sq.ft in 2023, before reaching the current value of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 880%. There are no figures available for the revisions in the years not listed in the register for this street.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value is Rs 4,900 per sq.ft, placing Nagammal Street's 2024 value below this median.

• Nageswara Gurusamy Street: Rs 5,500 per sq.ft (2024)
• Muthukumarappa Nagar: Rs 4,400 per sq.ft (2024)
• Muthamman Nagar: Rs 4,400 per sq.ft (2024)
• Muthamman koil street: Rs 4,900 per sq.ft (2024)
• Muthamman koil lane: Rs 4,900 per sq.ft (2024)
• Muthamman koil Ist lane: Rs 4,900 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 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. 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 Street?

The Sub Registrar Office that covers Nagammal Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable. When buying or selling property in Ayanavaram, the guideline value is used to ensure that the transaction is registered at a fair value, reflecting the current market conditions.

It is essential for buyers and sellers to be aware of the guideline value when negotiating property prices. This value helps in assessing the overall cost involved in the transaction, including additional fees that may apply during the registration process.

Frequently asked questions

What is the current guideline value of Nagammal Street?

The current guideline value of Nagammal Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 449 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 880% over the years.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles property registrations for Nagammal Street?

The AnnaNagar Sub Registrar Office handles property registrations for Nagammal Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Ayanavaram?

The median guideline value in Ayanavaram is Rs 4,900 per sq.ft, which is higher than the current value of Nagammal Street.