Guideline Value for Nagathamman Koil Street

Nagathamman Koil Street guideline value

The current guideline value of Nagathamman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Irumpuliyur village, under the Tambaram Joint 1 SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Nagathamman Koil Street has changed

The guideline value for Nagathamman Koil Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,100 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, the value then dropped to Rs 1,005 per sq.ft in 2017. Following this, the 2023 revision raised it to Rs 1,500 per sq.ft, and the most recent 2024 revision has increased it further to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 50%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Irumpuliyur

In Irumpuliyur village, there are 218 streets under the Tambaram Joint 1 SRO that carry a guideline value for 2024, ranging from Rs 880 to Rs 6,600 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, which means that Nagathamman Koil Street's 2024 figure is below the median.

• Nalvar Street: Rs 2,200 per sq.ft (2024)
• Narmatha Street: Rs 2,200 per sq.ft (2024)
• Muthamil Street: Rs 2,530 per sq.ft (2024)
• Murugesan Street: Rs 2,530 per sq.ft (2024)
• Navalor Street: Rs 1,100 per sq.ft (2024)
• Mullai Avenue: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nagathamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, the total cost for stamp duty and registration fee would be Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagathamman Koil Street?

The Sub Registrar Office that covers Nagathamman Koil Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Irumpuliyur

The guideline value is a crucial factor in the registration of property transactions in Irumpuliyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the current guideline value as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nagathamman Koil Street?

The current guideline value of Nagathamman Koil Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 1,650 per sq.ft in 2024, reflecting a 50% increase over the years.

What is the stamp duty for a property on Nagathamman Koil Street?

The stamp duty for a property valued at Rs 16,50,000 would be Rs 1,15,500, calculated at 7% of the guideline value.

Where is the Sub Registrar Office for Nagathamman Koil Street located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059.

What are the guideline values of other streets in Irumpuliyur?

Other streets in Irumpuliyur have varying guideline values, with some streets like Nalvar Street and Narmatha Street valued at Rs 2,200 per sq.ft, while Navalor Street is valued at Rs 1,100 per sq.ft.