Guideline Value for Nallathambi Street, Nagelkeni

Nallathambi Street, Nagelkeni guideline value

The current guideline value of Nallathambi Street, Nagelkeni is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Nallathambi Street, Nagelkeni has changed

The guideline value for Nallathambi Street has seen significant changes over the years. The earliest revision available is from 2017, where the guideline value was Rs 1,675 per sq.ft. The latest revision in 2024 shows an increase to Rs 2,750 per sq.ft, marking a change of +64% from the 2017 figure.

There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street. Thus, the only recorded revisions are from 2017 and 2024.

Guideline values in Pammal

In Pammal, a total of 926 streets are listed under the Pammal SRO with a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, making Nallathambi Street's current figure above this median.

• Nallathambi Road, Muthamiaz Nagar: Rs 2,750 per sq.ft (2024)
• Nallathambi Road, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Nalathambi Street / Thiru Nagar: Rs 2,750 per sq.ft (2024)
• Nalathambi Street / Sholavaram Nagar: Rs 2,750 per sq.ft (2024)
• Nalathambi Street / Pasumpon Nagar: Rs 2,750 per sq.ft (2024)
• Naladurai School Street: Rs 1,760 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nallathambi Street, Nagelkeni?

The Sub Registrar Office that covers Nallathambi Street, 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 plays a crucial role in the property registration process in Pammal. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are calculated fairly based on the official valuation of the property.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of property transactions. The registration office relies on these values to maintain transparency and consistency in property dealings.

Frequently asked questions

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

The current guideline value of Nallathambi Street, Nagelkeni is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Nallathambi Street increased from Rs 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, reflecting a change of +64%.

Are there any years without a guideline value for Nallathambi Street?

Yes, the guideline value register has no figures for Nallathambi Street for the years 2023, 2012, 2007, 2003, and 2002.

What is the registration office for Nallathambi Street?

The Pammal Sub Registrar Office covers Nallathambi Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Nallathambi Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 27,50,000 would incur a stamp duty of Rs 1,92,500 at 7%.