Guideline Value for Nagappa Nagar 1st Cross Street

Nagappa Nagar 1st Cross Street guideline value

The current guideline value of Nagappa Nagar 1st Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Commercial Special Type - I.

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

The guideline value for Nagappa Nagar 1st Cross Street has undergone several revisions over the years. The earliest recorded figure is from the 2017 revision, which was Rs 2,010 per sq.ft. This figure increased to Rs 3,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw another increase to Rs 3,300 per sq.ft, reflecting a change of 10% from the previous year. The register has no figure for this street for the years 2002, 2003, 2007, and 2012.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 64%. This consistent rise indicates a growing recognition of the value of properties in this area.

Guideline values in Thiruneermalai

In Thiruneermalai, there are 316 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,320 to Rs 6,240 per sq.ft. The median guideline value for these streets is Rs 2,420 per sq.ft, positioning Nagappa Nagar 1st Cross Street's 2024 figure above this median.

• Nagappa Nagar 1st Cross Road: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, leading to 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 our stamp duty and registration fee calculator for more precise calculations.

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

The Nagappa Nagar 1st Cross Street falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Thiruneermalai. It serves as a reference point for determining the stamp duty and registration fees applicable to the property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Nagappa Nagar 1st Cross Street 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 changed from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking a total increase of 64% over the years.

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 Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Nagappa Nagar 1st Cross Street?

The land classification for Nagappa Nagar 1st Cross Street is Commercial Special Type - I.