Guideline Value for Nagathamman Street A.K.A.Nagar

Nagathamman Street A.K.A.Nagar guideline value

The current guideline value of Nagathamman Street A.K.A.Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Nagathamman Street A.K.A.Nagar has changed

The guideline value for Nagathamman Street A.K.A.Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which was then reduced to Rs 871 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,300 per sq.ft in 2023, and then rose to Rs 1,400 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The changes between the revisions are as follows: from 2012 to 2017, there was a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 8%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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. The median value for these streets is Rs 2,200 per sq.ft, which indicates that the guideline value of Nagathamman Street A.K.A.Nagar is below this median.

• Nagathamman Koil Street(A.K.A): 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 Street A.K.A.Nagar

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, resulting in a total of 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nagathamman Street A.K.A.Nagar?

The Sub Registrar Office that covers Nagathamman Street A.K.A.Nagar 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 details.

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

The guideline value plays a crucial role during the registration process of property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nagathamman Street A.K.A.Nagar?

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

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 1,300 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024. It was Rs 871 per sq.ft in 2017 and Rs 1,300 per sq.ft in 2012.

What is the land classification for Nagathamman Street A.K.A.Nagar?

Nagathamman Street A.K.A.Nagar is classified under Residential Class III Type - I.

Where can I find the registration office for this street?

The registration office for Nagathamman Street A.K.A.Nagar is the Ambattur Sub Registrar Office, 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 Street A.K.A.Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 14,00,000, leading to a stamp duty of Rs 98,000.