Guideline Value for Nagathamman Koil Street(A.K.A)

Nagathamman Koil Street(A.K.A) guideline value

The current guideline value of Nagathamman Koil Street(A.K.A) is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Nagathamman Koil Street(A.K.A) has changed

The guideline value for Nagathamman Koil Street(A.K.A) has undergone several revisions over the years. In 2007, the value was set at Rs 300 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in 2012, marking a rise of 333%. However, there was a decrease to Rs 871 per sq.ft in 2017, a drop of 33%. The value then rose sharply to Rs 1,300 per sq.ft in 2023, reflecting a substantial increase of 49%. The most recent revision in 2024 set the guideline value at Rs 1,400 per sq.ft, an 8% increase from the previous year.

It is important to note that the register does not have figures for Nagathamman Koil Street(A.K.A) for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 367%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Nagathamman Koil Street(A.K.A) is below this median.

• Nagathamman Street A.K.A.Nagar: Rs 1,400 per sq.ft (2024)
• Naganathan Street: Rs 2,400 per sq.ft (2024)
• Nagammai Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Nainiammal Street: Rs 1,600 per sq.ft (2024)
• Nallamuthu Street: Rs 1,600 per sq.ft (2024)
• Muthuvalli Street (Ram Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nagathamman Koil Street(A.K.A)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value amounts to Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. 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 details.

Which Sub Registrar Office covers Nagathamman Koil Street(A.K.A)?

The Sub Registrar Office that covers Nagathamman Koil Street(A.K.A) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Oragadam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value is often considered the minimum value for property transactions.

When registering a property, the higher of the guideline value and the sale price is taken into account for calculating the applicable duties and fees. This ensures that the registration reflects a fair value based on the established guideline rates.

Frequently asked questions

What is the current guideline value of Nagathamman Koil Street(A.K.A)?

The current guideline value of Nagathamman Koil Street(A.K.A) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, reflecting an overall increase of 367%.

What is the land classification of Nagathamman Koil Street(A.K.A)?

Nagathamman Koil Street(A.K.A) is classified as Residential Class III Type - I.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Nagathamman Koil Street(A.K.A)?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value results in a total of Rs 1,26,000 in duties and fees.