Guideline Value for Nagelkeni ,Cross Street

Nagelkeni ,Cross Street guideline value

The current guideline value of Nagelkeni ,Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - II.

How the guideline value of Nagelkeni ,Cross Street has changed

The guideline value for Nagelkeni ,Cross Street has undergone several revisions over the years. The oldest recorded revision is from 2017, where the guideline value was Rs 1,206 per sq.ft. In the 2024 revision, the value increased to Rs 1,980 per sq.ft, marking a significant change of 64% from the 2017 figure. Notably, the register has no figures for the revisions in 2023, 2012, 2007, 2003, and 2002.

From 2017 to 2024, the guideline value rose from Rs 1,206 to Rs 1,980 per sq.ft. This increase reflects the current valuation trends for this street. The absence of figures for the other years indicates that there were no recorded changes in the guideline value during those periods.

Guideline values in Pammal

In Pammal, a total of 926 streets are registered under the Pammal SRO, with a 2024 guideline value range from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, placing Nagelkeni ,Cross Street's current value below the median.

• Nagelkeni: Rs 1,980 per sq.ft (2024)
• Nakeeran Street, Muthamiaz Nagar: Rs 2,475 per sq.ft (2024)
• Nagarathinam Street / Pasumpon Nagar: Rs 2,475 per sq.ft (2024)
• Nagarathinam Street / Hindustan Lever Colony: Rs 2,530 per sq.ft (2024)
• Nagarathinam Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Nagarathinam Street, Easwaran Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Nagelkeni ,Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Therefore, the total cost for stamp duty and registration fees would be Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Nagelkeni ,Cross Street?

The Pammal Sub Registrar Office covers Nagelkeni ,Cross Street. The office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pammal

The guideline value plays a crucial role in property transactions in Pammal. It serves as a benchmark for determining the minimum price at which a property can be registered. 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. Buyers and sellers should be aware of the guideline value as it directly affects the costs associated with property registration in the area.

Frequently asked questions

What is the current guideline value of Nagelkeni ,Cross Street?

The current guideline value of Nagelkeni ,Cross Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64%, moving from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024.

What is the land classification for Nagelkeni ,Cross Street?

Nagelkeni ,Cross Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using our stamp duty and registration fee calculator.

Which office handles registrations for Nagelkeni ,Cross Street?

The Pammal Sub Registrar Office handles registrations for Nagelkeni ,Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.