Guideline Value for A.M.GARDEN

A.M.Garden guideline value

The current guideline value for A.M.Garden, located in Vichoor village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of A.M.Garden has changed

The guideline value for A.M.Garden has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 37 per sq.ft. This increased to Rs 100 per sq.ft in 2007, marking a significant rise of 170%. In 2012, the value remained the same at Rs 300 per sq.ft, but then dropped by 33% to Rs 201 per sq.ft in 2017. The 2023 revision set the value at Rs 300 per sq.ft, and the most recent 2024 revision increased it to Rs 330 per sq.ft, reflecting a change of 10%.

Overall, from 2002 to 2024, the guideline value has increased by 792%. It is important to note that the register has no figure for A.M.Garden for the year 2003.

Guideline values in Vichoor

In Vichoor village, there are 45 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 550 per sq.ft, with a median value of Rs 485 per sq.ft. The guideline value for A.M.Garden is below this median.

• Anand Nagar: Rs 330 per sq.ft (2024)
• Annai Indra Gandhi Nagar: Rs 440 per sq.ft (2024)
• Arul Murugan Nagar/ Ext / All Phases: Rs 330 per sq.ft (2024)
• Bhoobalan Nagar: Rs 330 per sq.ft (2024)
• Chandra Avenue: Rs 440 per sq.ft (2024)
• Chandra Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in A.M.Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees to Rs 29,700. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.M.Garden?

The A.M.Garden area falls under the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vichoor. It serves as a benchmark for determining the minimum price at which property transactions can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of A.M.Garden?

The current guideline value of A.M.Garden is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 37 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting an overall increase of 792% over this period.

What are the other streets in Vichoor and their guideline values?

Other streets in Vichoor include Anand Nagar and Bhoobalan Nagar, both at Rs 330 per sq.ft, while Annai Indra Gandhi Nagar and Chandra Avenue are at Rs 440 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. For example, a 1,000 sq.ft plot at Rs 330 per sq.ft would incur total fees of Rs 29,700.

Which office handles the registration for A.M.Garden?

The registration for A.M.Garden is handled by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.