Guideline Value

Corporate

Guideline Value for Nagappa Nagar 1st Main Road

₹3300/sq.ft.

The guideline value for Nagappa Nagar 1st Main Road in Thiruneermalai village (Pammal SRO, Chengalpattu zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thiruneermalai

Village

Pammal

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹810 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹427 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Nagappa Nagar 1st Main Road

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Nagappa Nagar 1st Main Road guideline value

The current guideline value of Nagappa Nagar 1st Main 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 it is classified as Commercial Special Type - I.

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

The guideline value for Nagappa Nagar 1st Main Road has seen several revisions over the years. In the 2003 revision, the value was Rs 427 per sq.ft, which increased to Rs 810 per sq.ft in 2007. This was a significant rise of 90%. The 2017 revision marked a further increase to Rs 2,010 per sq.ft, reflecting a substantial growth of 148%. The value continued to rise to Rs 3,000 per sq.ft in 2023, which was a 49% increase from the previous revision. The latest revision in 2024 set the guideline value at Rs 3,300 per sq.ft, showing a 10% increase from 2023.

There are no figures available for the revisions in 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 673%.

Guideline values in Thiruneermalai

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

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

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, bringing the total cost for these fees to Rs 2,97,000. It is important to note that 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 details.

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

The Sub Registrar Office that covers Nagappa Nagar 1st Main 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 additional information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruneermalai. It helps determine the stamp duty and registration fees that are applicable based on the property's value at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should always refer to the latest guideline value to understand the financial implications of their property transactions.

Frequently asked questions

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

The current guideline value of Nagappa Nagar 1st Main 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 changed significantly from Rs 427 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 673% over this period.

What are the stamp duty rates for properties in Nagappa Nagar 1st Main Road?

The stamp duty for properties in Nagappa Nagar 1st Main Road is charged at a rate of 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nagappa Nagar 1st Main Road?

The Sub Registrar Office for Nagappa Nagar 1st Main Road is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What is the land classification for Nagappa Nagar 1st Main Road?

Nagappa Nagar 1st Main Road is classified as Commercial Special Type - I, which influences its guideline value and potential uses.