Guideline Value for A.M.GARDEN

A.M.Garden guideline value

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

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

Over the years, the guideline value of A.M.Garden has seen several revisions. The 2017 revision set the value at Rs 201 per sq.ft. This was followed by a significant increase in the 2023 revision, which raised the value to Rs 300 per sq.ft. The most recent 2024 revision has further increased it to Rs 330 per sq.ft, marking a 10% increase from the previous year. Notably, the overall change from the 2017 revision to the 2024 revision is a substantial 64%.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The increase from 2017 to 2023 was 49%, reflecting a notable rise in the guideline value during that period.

Guideline values in Vichoor_B

In Vichoor_B, 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. A.M.Garden's 2024 figure of Rs 330 per sq.ft is below this median.

• Anand Nagar: Rs 485 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 amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total charges to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.M.Garden?

A.M.Garden falls under the jurisdiction of 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_B

The guideline value is a crucial factor in the registration process when buying or selling property in Vichoor_B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

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 increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking an overall increase of 64% during this period.

What is the stamp duty rate for properties in A.M.Garden?

The stamp duty rate for properties in A.M.Garden is 7% of the guideline value or sale price, whichever is higher.

Where is the Thiruvottiyur Sub Registrar Office located?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the other streets in Vichoor_B with their guideline values?

Other streets in Vichoor_B include Anand Nagar at Rs 485 per sq.ft, Annai Indra Gandhi Nagar at Rs 440 per sq.ft, and Arul Murugan Nagar/ Ext / All Phases at Rs 330 per sq.ft, among others.