Guideline Value for Nagelkeni

Nagelkeni guideline value

The current guideline value of Nagelkeni is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Nagelkeni has changed

The guideline value for Nagelkeni has seen significant changes over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, while the current 2024 revision has increased this to Rs 1,980 per sq.ft, marking a change of +64%. The register has no figures for the revisions in 2023, 2012, 2007, 2003, and 2002.

From the 2017 revision to the 2024 revision, the increase reflects a substantial adjustment in the guideline value. The previous revisions, specifically from 2002 to 2017, do not have any recorded figures for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with 2024 guideline values ranging from Rs 880 to Rs 3,300 per sq.ft. The median value across these streets is Rs 2,090 per sq.ft, placing Nagelkeni's current value below this median.

• Nagelkeni, Cross Street: Rs 1,980 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)
• Nakeeran Street, Muthamiaz Nagar: Rs 2,475 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

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

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

Which Sub Registrar Office covers Nagelkeni?

The Sub Registrar Office that covers Nagelkeni is the Pammal Sub Registrar Office, 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 is a critical factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When you register a property, the guideline value will be compared to the sale price, and the higher of the two will be used to determine the applicable fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Nagelkeni?

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

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, reflecting a +64% increase. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft. Nagelkeni's current value is below this median.

What are the stamp duty rates for property in Nagelkeni?

The stamp duty rate for property in Nagelkeni is 7% of the guideline value or sale price, whichever is higher. The registration fee is charged at 2% of the same value.

Where can I find the Sub Registrar Office for Nagelkeni?

The Sub Registrar Office for Nagelkeni is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information by visiting the relevant link.