Guideline Value for Nallatchi Amman Nagar

Nallatchi Amman Nagar guideline value

The current guideline value of Nallatchi Amman Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Karasangal village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Nallatchi Amman Nagar has changed

The guideline value for Nallatchi Amman Nagar has seen several revisions over the years. In the 2012 revision, the guideline value was Rs 250 per sq.ft, which remained unchanged in the 2017 revision at Rs 167 per sq.ft, marking a decrease of 33%. The value then increased by 50% to Rs 250 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 250 per sq.ft.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft, with a median value of Rs 402 per sq.ft. Nallatchi Amman Nagar's current guideline value is below this median.

• Nallatchi Amman Extension: Rs 250 per sq.ft (2024)
• Nanbargal Avenue: Rs 600 per sq.ft (2024)
• Nanbargal Avenue Extension: Rs 600 per sq.ft (2024)
• Nanbargal Nagar: Rs 600 per sq.ft (2024)
• Nanbargal Nagar Extension: Rs 600 per sq.ft (2024)
• Naveen Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Nallatchi Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, making a total of Rs 22,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nallatchi Amman Nagar?

The Sub Registrar Office that covers Nallatchi Amman Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Karasangal. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nallatchi Amman Nagar?

The current guideline value of Nallatchi Amman Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017, followed by an increase back to Rs 250 per sq.ft in 2023 and 2024.

What are the other streets in Karasangal with their guideline values?

Other streets in Karasangal have varying guideline values, with rates ranging from Rs 250 to Rs 600 per sq.ft as of 2024.

How is stamp duty calculated in Nallatchi Amman Nagar?

Stamp duty in Nallatchi Amman Nagar is calculated at 7% of the higher value between the guideline value and the sale price. Registration fees are also applicable at 2% of the guideline value.

Where can I find the Sub Registrar Office for Nallatchi Amman Nagar?

The Sub Registrar Office for Nallatchi Amman Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.