Guideline Value for Quaidhai Millath Nagar

Quaidhai Millath Nagar guideline value

The current guideline value of Quaidhai Millath Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024. This area is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Quaidhai Millath Nagar has changed

The guideline value for Quaidhai Millath Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 156 per sq.ft, which increased to Rs 210 per sq.ft in 2007. This was a rise of 35%. The value then surged dramatically to Rs 1,407 per sq.ft in 2017, marking an increase of 570%. Following this, the 2023 revision set the value at Rs 2,099 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 raised the value to Rs 2,350 per sq.ft, a 12% increase from 2023.

There are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,406%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing the guideline value of Quaidhai Millath Nagar above this median.

• Puthuthambi Nagar Sivaji Ist Street: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji 3rd Street: Rs 1,760 per sq.ft (2024)
• Puthuthambi Nagar Sivaji 2nd Street: Rs 1,760 per sq.ft (2024)
• PuthuThambi Nagar: Rs 1,760 per sq.ft (2024)
• Puratchi Mani Street: Rs 1,760 per sq.ft (2024)
• RAGAVENDIRA SALAI 1st CROSS STREET: Rs 4,640 per sq.ft (2024)

Stamp duty and registration fee for property in Quaidhai Millath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value amounts to Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total to Rs 2,11,500. Note that the 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 details.

Which Sub Registrar Office covers Quaidhai Millath Nagar?

The Sub Registrar Office that covers Quaidhai Millath Nagar 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 Anakaputhur

The guideline value is crucial when registering property transactions in Anakaputhur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

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

Frequently asked questions

What is the current guideline value of Quaidhai Millath Nagar?

The current guideline value of Quaidhai Millath Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased significantly, from Rs 156 per sq.ft to Rs 2,350 per sq.ft in 2024, reflecting an overall increase of 1,406%.

What is the stamp duty for property in Quaidhai Millath Nagar?

The stamp duty for property in Quaidhai Millath Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where is the Pammal Sub Registrar Office located?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What are the other streets in Anakaputhur with guideline values?

Other streets in Anakaputhur include Puthuthambi Nagar Sivaji Ist Street, Puthuthambi Nagar Sivaji 3rd Street, Puthuthambi Nagar Sivaji 2nd Street, PuthuThambi Nagar, Puratchi Mani Street, and RAGAVENDIRA SALAI 1st CROSS STREET, with values ranging from Rs 1,760 to Rs 4,640 per sq.ft in 2024.