Guideline Value for SRI ANGALA PARAMESWARI NAGAR

Sri Angala Parameswari Nagar guideline value

The current guideline value of Sri Angala Parameswari Nagar is Rs 167 per sq.ft. This area is located in Satharai village, under the Perambakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sri Angala Parameswari Nagar has changed

The guideline value for Sri Angala Parameswari Nagar has remained consistent over the years. In the 2017 revision, the guideline value was Rs 167 per sq.ft, which was unchanged in the 2023 revision. The most recent revision in 2024 also maintains this figure at Rs 167 per sq.ft, indicating no percentage change across these years.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has not changed, remaining at Rs 167 per sq.ft throughout this period.

Guideline values in Satharai

In Satharai village, there are four streets under the Perambakkam SRO that carry a 2024 guideline value, ranging from Rs 105 to Rs 175 per sq.ft. The median guideline value for these streets is Rs 167 per sq.ft, which is equal to the current value of Sri Angala Parameswari Nagar.

• Sai Ritwik Garden: Rs 167 per sq.ft (2024)
• Akash Aravind Avenue: Rs 105 per sq.ft (2024)
• Ss Raj Garden: Rs 175 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Angala Parameswari Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 167 per sq.ft, the total guideline value would be Rs 1,67,000. The stamp duty at 7% would amount to Rs 11,690, and the registration fee at 2% would be Rs 3,340, bringing the total cost for these charges to Rs 15,030. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Sri Angala Parameswari Nagar?

The Sub Registrar Office that covers Sri Angala Parameswari Nagar is the Perambakkam Sub Registrar Office, located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Satharai. It serves as a benchmark for determining the stamp duty and registration fees payable during the transfer of property ownership.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Sri Angala Parameswari Nagar?

The current guideline value of Sri Angala Parameswari Nagar is Rs 167 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained unchanged at Rs 167 per sq.ft from 2017 to 2024, with no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Sri Angala Parameswari Nagar?

Sri Angala Parameswari Nagar is classified as Residential Class II Type - II, indicating its designated use for residential purposes.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 1,67,000, the stamp duty would be Rs 11,690 and the registration fee would be Rs 3,340, totaling Rs 15,030. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Angala Parameswari Nagar?

The Sub Registrar Office for Sri Angala Parameswari Nagar is located at Jothi Ramalinga Nagar, Near Post Office, Perambakkam, 631402, Chennai registration zone. You can find more details by visiting the appropriate link.