Guideline Value for UNNAMALAI AMMAL STREET

Unnamalai Ammal Street guideline value

The current guideline value of Unnamalai Ammal Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Tnagar village, under the Thiyagaraya nagar SRO, and is classified as Mixed Special Type - I.

How the guideline value of Unnamalai Ammal Street has changed

The guideline value for Unnamalai Ammal Street has seen several revisions over the years. In 2002, the value was Rs 1,949 per sq.ft, which increased to Rs 2,850 per sq.ft in 2003, marking a rise of 46%. The value then rose significantly to Rs 4,000 per sq.ft in 2007, reflecting a 40% increase. Following this, the value jumped to Rs 13,000 per sq.ft in 2012, a substantial increase of 225%. However, it decreased to Rs 8,710 per sq.ft in 2017, showing a decline of 33%. The value then rose to Rs 13,000 per sq.ft in 2023, and most recently, it increased by 10% to Rs 14,300 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 634%. There are no figures available for the revisions in years other than those listed.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft as of 2024. The median guideline value in this area is Rs 11,000 per sq.ft, placing Unnamalai Ammal Street's current value above this median.

• Usman Road (Part II Bus Stand To Pangal Park): Rs 27,500 per sq.ft (2024)
• Usman Road (Part III Nageswara Rao Road To Kodambakkam High Road): Rs 27,500 per sq.ft (2024)
• Usman Road (Part I New Boag Road To Bus Stand): Rs 27,500 per sq.ft (2024)
• Vaidyaraman Street: Rs 14,300 per sq.ft (2024)
• Valmiki Street: Rs 14,300 per sq.ft (2024)
• Varadaraja Mudali Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Unnamalai Ammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, bringing the total fees to Rs 12,87,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Unnamalai Ammal Street?

The Sub Registrar Office that covers Unnamalai Ammal Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tnagar. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation of the property.

When a buyer or seller engages in a transaction, the guideline value helps determine the official value of the property for registration purposes. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Unnamalai Ammal Street?

The current guideline value of Unnamalai Ammal Street is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 1,949 per sq.ft to Rs 14,300 per sq.ft in 2024, reflecting a significant overall increase of 634% over this period.

What is the land classification of Unnamalai Ammal Street?

Unnamalai Ammal Street is classified as Mixed Special Type - I, which is relevant for understanding its usage and development potential.

Where can I find the Sub Registrar Office for Unnamalai Ammal Street?

The Sub Registrar Office for Unnamalai Ammal Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a plot valued at Rs 1,43,00,000, the stamp duty would be calculated at 7% of this amount.