Guideline Value for Palli 1st E.V.R. Nagammai St.

Palli 1st E.V.R. Nagammai St. guideline value

The current guideline value of Palli 1st E.V.R. Nagammai St. is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO and is classified as Residential Class III Type - II.

How the guideline value of Palli 1st E.V.R. Nagammai St. has changed

The guideline value for Palli 1st E.V.R. Nagammai St. has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012. However, it then decreased to Rs 938 per sq.ft in 2017. The value rose again to Rs 1,400 per sq.ft in 2023, and currently stands at Rs 1,500 per sq.ft as of the 2024 revision, marking a 7% increase from the previous year.

From 2017 to 2023, the increase was 49%, while the change from 2012 to 2017 was a decrease of 33%. The remarkable jump from 2007 to 2012 was 600%. Overall, from 2007 to 2024, the guideline value has increased by 650%. The register has no figure for this street in 2002 and 2003.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Palli 1st E.V.R. Nagammai St. is below this median.

• Pallavan Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Palli Vinayagar Koil Street: Rs 2,400 per sq.ft (2024)
• Pallavan 6th St. (Cholan Nagar): Rs 1,600 per sq.ft (2024)
• Pallavan 5th St. (Cholan Nagar): Rs 1,600 per sq.ft (2024)
• Pallavan 4th St. (Cholan Nagar): Rs 1,600 per sq.ft (2024)
• Pallavan 3rd St. (Cholan Nagar): Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Palli 1st E.V.R. Nagammai St.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty, charged at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. This results in a total of Rs 1,35,000 for the fees. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Palli 1st E.V.R. Nagammai St.?

The Sub Registrar Office that covers Palli 1st E.V.R. Nagammai St. is 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 Thirumullaivoyal

The guideline value is a crucial factor in property transactions in Thirumullaivoyal. It is used to determine the stamp duty and registration fees applicable during the buying or selling process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value helps establish a baseline for the transaction's value. This ensures that the appropriate taxes are paid based on either the guideline value or the sale price, whichever is higher, safeguarding the interests of both the buyer and the government.

Frequently asked questions

What is the current guideline value for Palli 1st E.V.R. Nagammai St.?

The current guideline value for Palli 1st E.V.R. Nagammai St. is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 650% over this period.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Palli 1st E.V.R. Nagammai St. is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Ambattur Sub Registrar Office covers Palli 1st E.V.R. Nagammai St. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the median guideline value for streets in Thirumullaivoyal?

The median guideline value for streets in Thirumullaivoyal is Rs 2,400 per sq.ft, with Palli 1st E.V.R. Nagammai St. being below this median at Rs 1,500 per sq.ft.