Guideline Value for Nagaththamman Koil street

Nagaththamman Koil street guideline value

The current guideline value of Nagaththamman Koil street is Rs 2,090 per sq.ft, effective from 1 July 2024. This street is located in Kattupakkam village under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Nagaththamman Koil street has changed

The guideline value for Nagaththamman Koil street has undergone several revisions over the years. In 2012, the guideline value was Rs 1,900 per sq.ft, which decreased to Rs 1,273 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,900 per sq.ft in 2023, and further rose to Rs 2,090 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattupakkam

Kattupakkam village has a total of 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, which matches the current guideline value of Nagaththamman Koil street.

• Muslim Street: Rs 2,090 per sq.ft (2024)
• Murugappan Nagar: Rs 2,090 per sq.ft (2024)
• Murugan koil Street: Rs 3,520 per sq.ft (2024)
• M.S.S. Nagar: Rs 3,520 per sq.ft (2024)
• M.S.R. Nagar: Rs 2,090 per sq.ft (2024)
• M.S. Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Nagaththamman Koil street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. 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 Nagaththamman Koil street?

The Sub Registrar Office that covers Nagaththamman Koil street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Kattupakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Nagaththamman Koil street?

The current guideline value of Nagaththamman Koil street is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,900 per sq.ft in 2012 to Rs 1,273 per sq.ft in 2017, then increased to Rs 1,900 per sq.ft in 2023, and finally to Rs 2,090 per sq.ft in 2024.

What is the median guideline value for Kattupakkam?

The median guideline value for Kattupakkam is Rs 2,090 per sq.ft, which is the same as the current guideline value for Nagaththamman Koil street.

What are the stamp duty rates for properties in Nagaththamman Koil street?

The stamp duty rate for properties in Nagaththamman Koil street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which office do I need to register my property in Nagaththamman Koil street?

You need to register your property at the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.