Guideline Value for Nagappa Nagar 1st Cross Road

Nagappa Nagar 1st Cross Road guideline value

The current guideline value of Nagappa Nagar 1st Cross Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal SRO, and is classified as Commercial Special Type - I.

How the guideline value of Nagappa Nagar 1st Cross Road has changed

The guideline value for Nagappa Nagar 1st Cross Road has seen several revisions over the years. The earliest recorded figure is Rs 427 per sq.ft from the 2003 revision. This increased to Rs 810 per sq.ft in 2007, marking a change of +90%. The value then rose significantly to Rs 2,010 per sq.ft in 2017, reflecting an increase of +148%. By the 2023 revision, the guideline value had further increased to Rs 3,000 per sq.ft, which is a +49% change from the previous figure. The register does not have figures for the years 2002 and 2012.

As of the 2024 revision, the current guideline value stands at Rs 3,300 per sq.ft, which is a +10% increase from the 2023 figure. Overall, from 2003 to 2024, the guideline value has increased by +673%.

Guideline values in Thiruneermalai

In Thiruneermalai, the guideline values for 316 streets under the Pammal SRO range from Rs 1,320 to Rs 6,240 per sq.ft, with a median value of Rs 2,420 per sq.ft. The guideline value for Nagappa Nagar 1st Cross Road is above this median.

• Nagappa Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 1st Main Road: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 2nd Cross Road: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 2nd Main Road: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 3rd Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nagappa Nagar 1st Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. 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 further calculations.

Which Sub Registrar Office covers Nagappa Nagar 1st Cross Road?

The Sub Registrar Office that covers Nagappa Nagar 1st Cross Road 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 Thiruneermalai

The guideline value is a crucial factor when registering a property in Thiruneermalai. It serves as a reference point for determining the minimum value at which a property can be sold or transferred. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is bought or sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Nagappa Nagar 1st Cross Road?

The current guideline value of Nagappa Nagar 1st Cross Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 427 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of +673% over this period.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers this street?

The Pammal Sub Registrar Office covers Nagappa Nagar 1st Cross Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Where can I find more information about guideline values in Thiruneermalai?

You can find more information about guideline values in Thiruneermalai by consulting the Registration Department's guideline value register or visiting the relevant links for other streets in the area.