Guideline Value for Thiruneermalai Salai / Nagalkeni

Thiruneermalai Salai / Nagalkeni guideline value

The current guideline value of Thiruneermalai Salai / Nagalkeni is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal Sub Registrar Office (SRO), and is classified as Commercial Class I Type - I land.

How the guideline value of Thiruneermalai Salai / Nagalkeni has changed

The guideline value for Thiruneermalai Salai / Nagalkeni has seen significant changes over the years. In 2002, the value was Rs 252 per sq.ft, which increased to Rs 285 per sq.ft in 2003. The value then rose to Rs 800 per sq.ft in 2007, followed by a substantial increase to Rs 2,010 per sq.ft in 2017. The next revision in 2023 set the value at Rs 3,000 per sq.ft, and the most recent revision in 2024 has brought it to Rs 3,300 per sq.ft. The register has no figure for this street in 2012.

From 2002 to 2024, the guideline value has increased by 1210%. The changes between revisions include a 13% increase from 2002 to 2003, followed by a remarkable 181% increase from 2003 to 2007. The value then rose by 151% from 2007 to 2017, followed by a 49% increase from 2017 to 2023, and finally a 10% rise from 2023 to 2024.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO carrying a 2024 guideline value 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 for Thiruneermalai Salai / Nagalkeni is above this median.

• Thiruneermalai Salai/LIC Colony Part: Rs 2,530 per sq.ft (2024)
• Thiruneermalai Main Road, Thiru Nagar: Rs 3,300 per sq.ft (2024)
• Thiruneermalai Main Road, Nagelkeni: Rs 3,300 per sq.ft (2024)
• Thiruneermalai Main Road, Moovendhar Nagar: Rs 2,200 per sq.ft (2024)
• Thirupoor Kumaran Street, Dr. Ambedhkar Nagar: Rs 1,980 per sq.ft (2024)
• Thirupur Kumaran Street / Mungil Lake: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruneermalai Salai / Nagalkeni

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Thiruneermalai Salai / Nagalkeni?

The Thiruneermalai Salai / Nagalkeni area is covered by 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 a critical factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for determining the stamp duty and registration fees payable at the time of registration.

When a property is sold, the guideline value is used to ensure that the transaction is recorded at a value that reflects the current market conditions, thereby helping to maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Thiruneermalai Salai / Nagalkeni?

The current guideline value of Thiruneermalai Salai / Nagalkeni is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 252 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 1210%.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft for the year 2024, with Thiruneermalai Salai / Nagalkeni's value being above this median.

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

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, and the registration fee is charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Thiruneermalai Salai / Nagalkeni?

The Sub Registrar Office covering Thiruneermalai Salai / Nagalkeni is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more details online.