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Guideline Value

Corporate

Guideline Value for Nagappa Nagar 2nd Main Road

₹3300/sq.ft.

The guideline value for Nagappa Nagar 2nd 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 2nd Main Road

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Nagappa Nagar 2nd Main Road guideline value

The current guideline value of Nagappa Nagar 2nd Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Thiruneermalai village and falls under the Pammal SRO. The land classification for this area is Commercial Special Type - I.

How the guideline value of Nagappa Nagar 2nd Main Road has changed

Over the years, the guideline value of Nagappa Nagar 2nd Main Road has seen significant changes. The earliest recorded revision was in 2003, with a guideline value of Rs 427 per sq.ft. This increased to Rs 810 per sq.ft in 2007, marking a change of +90%. The value then rose to Rs 2,010 per sq.ft in 2017, reflecting a substantial increase of +148%. In 2023, the guideline value reached Rs 3,000 per sq.ft, which was a +49% change from the previous revision. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, a +10% increase from 2023.

It is important to note that 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, with a median value of Rs 2,420 per sq.ft. The guideline value of Nagappa Nagar 2nd Main Road is above this median.

Stamp duty and registration fee for property in Nagappa Nagar 2nd 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 would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while 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 or the sale price.

You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nagappa Nagar 2nd Main Road?

The Sub Registrar Office that covers Nagappa Nagar 2nd 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 more details.

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

The guideline value is a crucial factor when registering property in Thiruneermalai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the guideline value helps in establishing a fair price for registration purposes. This value is essential for both the buyer and seller to understand the financial implications of the transaction, including the costs associated with registration and stamp duty.

Frequently asked questions

What is the current guideline value of Nagappa Nagar 2nd Main Road?

The current guideline value of Nagappa Nagar 2nd Main Road 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 increased significantly from Rs 427 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, marking an overall increase of +673%.

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

For a 1,000 sq.ft plot, the total guideline value is 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 2nd Main Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification for Nagappa Nagar 2nd Main Road?

The land classification for Nagappa Nagar 2nd Main Road is Commercial Special Type - I, indicating its suitability for commercial activities.