Guideline Value for Narasimman Street, Nagelkeni

Narasimman Street, Nagelkeni guideline value

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

How the guideline value of Narasimman Street, Nagelkeni has changed

The guideline value of Narasimman Street has seen revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft, while the latest 2024 revision increased it to Rs 1,980 per sq.ft, marking a significant rise of 64%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002.

From the 2017 revision to the 2024 revision, the increase reflects changes in the local real estate landscape. The current value is now established at Rs 1,980 per sq.ft, which is a notable increase from the previous figure.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value is Rs 2,090 per sq.ft, indicating that Narasimman Street's 2024 figure is below this median.

• Narasimman Street (Nagal Kenai): Rs 1,980 per sq.ft (2024)
• Narasimman Street /Muthamzhi Nagar: Rs 2,475 per sq.ft (2024)
• Narayanan Street / Lord Srinivasa Colony: Rs 1,870 per sq.ft (2024)
• Nanjilar Street, Anna Nagar: Rs 2,750 per sq.ft (2024)
• Natarajan Street: Rs 1,980 per sq.ft (2024)
• Natarajan Street Kalayam Nagar: Rs 1,980 per sq.ft (2024)

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

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, bringing the total cost for these fees to Rs 1,78,200. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Narasimman Street, Nagelkeni?

Narasimman Street, Nagelkeni falls under the jurisdiction of 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 an important factor when registering property in Pammal. It is used to determine the stamp duty and registration fees applicable during the transaction process.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as set by the Registration Department.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, which is a rise of 64%. There are no figures available for the years 2023, 2012, 2007, 2003, and 2002.

What is the median guideline value in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft. Narasimman Street's 2024 guideline value is below this median.

What are the stamp duty and registration fees for property in Narasimman Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,80,000. The stamp duty is Rs 1,38,600 at 7%, and the registration fee is Rs 39,600 at 2%, totaling Rs 1,78,200 for these fees.

Which office handles registrations for Narasimman Street, Nagelkeni?

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