Guideline Value for Nagappa Nagar 3rd Main Road

Nagappa Nagar 3rd Main Road guideline value

The current guideline value of Nagappa Nagar 3rd 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 is classified as Commercial Special Type - I.

How the guideline value of Nagappa Nagar 3rd Main Road has changed

The guideline value for Nagappa Nagar 3rd Main Road has seen significant changes over the years. 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 90% rise. The value continued to grow, reaching Rs 2,010 per sq.ft in 2017, which represented a substantial increase of 148%. In 2023, the guideline value was set at Rs 3,000 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 brought the value to Rs 3,300 per sq.ft, a 10% increase from 2023.

There are no recorded figures for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by an impressive 673%.

Guideline values in Thiruneermalai

In Thiruneermalai village, 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 guideline value for these streets is Rs 2,420 per sq.ft, placing Nagappa Nagar 3rd Main Road's 2024 figure above this median.

• Nagappa Nagar 2nd Main Road: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 4th Main Road: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 2nd Cross Street: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 5th Main Road: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 2nd Cross Road: Rs 3,300 per sq.ft (2024)
• Nagappa Nagar 6th Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nagappa Nagar 3rd 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. Together, the total cost for stamp duty and registration would be 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagappa Nagar 3rd Main Road?

The Sub Registrar Office that covers Nagappa Nagar 3rd 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 during the registration of property transactions in Thiruneermalai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the official valuation of the property, which can influence negotiations and the final sale price. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Nagappa Nagar 3rd Main Road?

The current guideline value of Nagappa Nagar 3rd 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 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% over the period.

What is the land classification for Nagappa Nagar 3rd Main Road?

Nagappa Nagar 3rd Main Road is classified as Commercial Special Type - I.

Where can I find information about stamp duty and registration fees?

Information about stamp duty and registration fees can be found using the stamp duty and registration fee calculator.

Which office handles registrations for Nagappa Nagar 3rd Main Road?

The Pammal Sub Registrar Office handles registrations for Nagappa Nagar 3rd Main Road, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.