Guideline Value for Nagappa Nagar 2nd Cross Street

Nagappa Nagar 2nd Cross Street guideline value

The current guideline value of Nagappa Nagar 2nd Cross Street 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 2nd Cross Street has changed

The guideline value for Nagappa Nagar 2nd Cross Street has seen several revisions over the years. In 2017, the guideline value was Rs 2,010 per sq.ft. This increased to Rs 3,000 per sq.ft in 2023, reflecting a significant rise of 49%. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

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, with a median value of Rs 2,420 per sq.ft. The guideline value for Nagappa Nagar 2nd Cross Street is above this median.

• Nagappa Nagar 2nd Cross Road: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 2nd Main Road: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 1st Main Road: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 3rd Main Road: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 1st Cross Street: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 4th Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nagappa Nagar 2nd 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, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagappa Nagar 2nd Cross Street?

The Sub Registrar Office that covers Nagappa Nagar 2nd Cross Street 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 critical factor when registering property transactions in Thiruneermalai. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When you buy or sell property, the guideline value helps determine the minimum value at which the property can be registered. This prevents undervaluation and ensures transparency in property dealings.

Frequently asked questions

What is the current guideline value of Nagappa Nagar 2nd Cross Street?

The current guideline value of Nagappa Nagar 2nd Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How much 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 an overall increase of 64% over this period.

What are the registration fees for property in Nagappa Nagar 2nd Cross Street?

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

Which office handles property registrations for Nagappa Nagar 2nd Cross Street?

The Pammal Sub Registrar Office handles property registrations for Nagappa Nagar 2nd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Nagappa Nagar 2nd Cross Street?

Nagappa Nagar 2nd Cross Street is classified as Commercial Special Type - I, which influences its guideline value and potential uses.