Guideline Value for Sivasankaran Street, Nagelkeni

Sivasankaran Street, Nagelkeni guideline value

The current guideline value of Sivasankaran Street, Nagelkeni is Rs 1,980 per sq.ft, effective from the 2024 revision. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Sivasankaran Street, Nagelkeni has changed

The guideline value for Sivasankaran Street, Nagelkeni has seen significant changes over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is a 64% increase from the 2017 revision of Rs 1,206 per sq.ft. The register does not have figures for the revisions in 2023, 2012, 2007, 2003, and 2002.

In summary, the 2017 revision was the last figure before the current one in 2024, marking a notable rise in the guideline value. The absence of figures in earlier revisions indicates that the value for this street was not assessed during those years.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO carrying a guideline value for 2024, ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Sivasankaran Street, Nagelkeni is below this median.

• Sivasankaran Street, Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Sivasankaran Nagar, Cross Street: Rs 1,980 per sq.ft (2024)
• Sivasankaran Street, Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)
• S.K.P. Square: Rs 1,760 per sq.ft (2024)
• Sooran Street, Pasumpon Nagar: Rs 1,980 per sq.ft (2024)
• Singal Office West Street, Anna Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Sivasankaran 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 amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sivasankaran Street, Nagelkeni?

The Sub Registrar Office covering Sivasankaran 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 details.

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

The guideline value is a crucial factor in property transactions within Pammal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value aids in establishing a fair price for both parties involved. It helps prevent underreporting of property values, ensuring transparency in real estate transactions.

Frequently asked questions

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

The current guideline value of Sivasankaran Street, Nagelkeni is Rs 1,980 per sq.ft, effective from the 2024 revision.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024.

What is the land classification of Sivasankaran Street, Nagelkeni?

Sivasankaran Street, Nagelkeni is classified as Residential Class II Type - II.

What are the other streets with the same guideline value in Pammal?

Other streets in Pammal with the same guideline value of Rs 1,980 per sq.ft include Sivasankaran Street, Periyar Nagar, Sivasankaran Nagar, Cross Street, and Sooran Street, Pasumpon Nagar.

Where is the Sub Registrar Office for Sivasankaran Street, Nagelkeni located?

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