Guideline Value for Nagathamman Koil Street(Extension)

Nagathamman Koil Street(Extension) guideline value

The current guideline value of Nagathamman Koil Street(Extension) is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Nagathamman Koil Street(Extension) has changed

The guideline value for Nagathamman Koil Street(Extension) has undergone several revisions over the years. In 2007, the value was Rs 1,580 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012. However, there was a decrease to Rs 3,350 per sq.ft in 2017. The most recent revision in 2024 set the guideline value at Rs 5,500 per sq.ft, marking a significant increase of 64% from the 2017 figure. Overall, from 2007 to 2024, the guideline value has risen by 248%.

Revisions for the years 2023, 2003, and 2002 do not have any figures recorded for this street. The changes between the revisions indicate a fluctuating pattern, with the highest increase observed from 2007 to 2012, which was 216%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Nagathamman Koil Street(Extension) above this median.

• Nagathamman Koil Street Block 88, 89, 90: Rs 5,500 per sq.ft (2024)
• Nagathamman Koil Street: Rs 5,500 per sq.ft (2024)
• Nagarathinammal Colony Block 62: Rs 6,000 per sq.ft (2024)
• Nagappan Street: Rs 4,100 per sq.ft (2024)
• Nagappan Lane: Rs 4,100 per sq.ft (2024)
• Nakkeeran Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nagathamman Koil Street(Extension)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Nagathamman Koil Street(Extension)?

The Sub Registrar Office that covers Nagathamman Koil Street(Extension) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur EB Office. You can find your SRO for more assistance.

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

The guideline value is a critical factor when registering property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When you buy or sell property, the guideline value ensures that the transaction is recorded accurately and transparently. It helps in maintaining a standard valuation system across various properties in the area.

Frequently asked questions

What is the current guideline value of Nagathamman Koil Street(Extension)?

The current guideline value of Nagathamman Koil Street(Extension) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,580 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 248% across the years.

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

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office covers this street?

The Ashok Nagar Sub Registrar Office covers Nagathamman Koil Street(Extension), located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

Are there any revisions without figures for this street?

Yes, the revisions for the years 2023, 2003, and 2002 do not have any figures recorded for Nagathamman Koil Street(Extension).