Guideline Value for Nagathamman Koil

Nagathamman Koil guideline value

The current guideline value of Nagathamman Koil is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Vepery village under the Periamet SRO, classified as Residential Class IV Type - I.

How the guideline value of Nagathamman Koil has changed

The guideline value for Nagathamman Koil has undergone several revisions over the years. In 2007, the guideline value was Rs 800 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking a rise of 213%. However, in 2017, the value decreased to Rs 1,675 per sq.ft, a decline of 33%. The value then saw a substantial increase to Rs 2,500 per sq.ft in 2023, followed by another increase to Rs 2,700 per sq.ft in 2024, representing an 8% rise.

Overall, from 2007 to 2024, the guideline value has increased by 238%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. The guideline value of Nagathamman Koil is below this median.

• Nabhikhan Subedhar Street: Rs 6,000 per sq.ft (2024)
• Muthugramani Street: Rs 6,000 per sq.ft (2024)
• Narayanan Street: Rs 4,800 per sq.ft (2024)
• Natesan Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Natesan Nagar 2nd Street: Rs 2,700 per sq.ft (2024)
• Naval Hospital 10th lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nagathamman Koil

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty, charged at 7%, would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. 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 details.

Which Sub Registrar Office covers Nagathamman Koil?

The Sub Registrar Office that covers Nagathamman Koil is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vepery. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the transaction is documented accurately.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Nagathamman Koil?

The current guideline value of Nagathamman Koil is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 800 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 238% over the years.

What is the land classification for Nagathamman Koil?

Nagathamman Koil is classified as Residential Class IV Type - I, indicating its designation for residential use.

What other streets have guideline values in Vepery?

Other streets in Vepery include Nabhikhan Subedhar Street and Muthugramani Street, both valued at Rs 6,000 per sq.ft in 2024, among others.

Where can I find the Sub Registrar Office for Nagathamman Koil?

The Sub Registrar Office for Nagathamman Koil is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.