Guideline Value for Nainiammal Street

Nainiammal Street guideline value

The current guideline value of Nainiammal Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Nainiammal Street has changed

The guideline value for Nainiammal Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. However, the value saw a significant increase in the subsequent revisions, rising to Rs 1,500 per sq.ft in 2023 and further to Rs 1,600 per sq.ft in 2024, marking a 7% increase from the previous year.

Reviewing the changes, from 2012 to 2017, there was a decrease of 33%. Nevertheless, from 2017 to 2023, the guideline value increased by 49%. Overall, comparing the 2012 and 2024 figures, there is a slight increase of 7%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Nainiammal Street's 2024 figure is below this median.

• Nallamuthu Street: Rs 1,600 per sq.ft (2024)
• Nagathamman Street A.K.A.Nagar: Rs 1,400 per sq.ft (2024)
• 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)
• Muthuvalli Street (Ram Nagar): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nainiammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nainiammal Street?

Nainiammal Street falls under the jurisdiction of 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 information.

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

The guideline value is a crucial factor when registering property transactions in Oragadam. It is used to determine the applicable stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the financial aspects of the transaction. Ensuring that you have the correct guideline value can help avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nainiammal Street?

The current guideline value of Nainiammal Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What are the stamp duty and registration fees for Nainiammal Street?

The stamp duty for a 1,000 sq.ft plot at the current guideline value is Rs 1,12,000, and the registration fee is Rs 32,000, totaling Rs 1,44,000.

Which Sub Registrar Office covers Nainiammal Street?

Nainiammal Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Nainiammal Street?

Nainiammal Street is classified as Residential Class II Type - I according to the land classification guidelines.