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Guideline Value

Corporate

Guideline Value for Nagappa Nagar 4th Main Road

₹3300/sq.ft.

The guideline value for Nagappa Nagar 4th 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 4th Main Road

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Nagappa Nagar 4th Main Road guideline value

The current guideline value of Nagappa Nagar 4th 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 4th Main Road has changed

The guideline value of Nagappa Nagar 4th Main Road has seen several revisions over the years. In 2003, the value was Rs 427 per sq.ft, which increased to Rs 810 per sq.ft in 2007. This marked a significant rise of 90%. The value then saw a substantial increase to Rs 2,010 per sq.ft in 2017, reflecting a 148% change from the previous revision. The most recent revision in 2023 set the value at Rs 3,000 per sq.ft, which was a 49% increase from 2017. Currently, the guideline value stands at Rs 3,300 per sq.ft, showing a 10% increase from the previous year.

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 4th Main Road above this median.

Stamp duty and registration fee for property in Nagappa Nagar 4th 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 or the sale price.

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

Which Sub Registrar Office covers Nagappa Nagar 4th Main Road?

The Sub Registrar Office covering Nagappa Nagar 4th Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the 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 crucial factor during property transactions in Thiruneermalai. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When selling a property, the guideline value serves as a reference point for both buyers and sellers. It helps ensure that the transaction is recorded accurately in the official register, reflecting the property's worth based on the latest government assessments.

Frequently asked questions

What is the current guideline value of Nagappa Nagar 4th Main Road?

The current guideline value of Nagappa Nagar 4th 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 from Rs 427 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 673% over the years.

What is the classification of land on Nagappa Nagar 4th Main Road?

Nagappa Nagar 4th Main Road is classified as Commercial Special Type - I, indicating its suitability for commercial activities.

Where can I find the registration office for properties in this area?

The registration office for properties in Nagappa Nagar 4th Main Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Thiruneermalai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.