Guideline Value for A.M.NAGAR

A.M.Nagar guideline value

The current guideline value of A.M.Nagar, located in Sithandi village under the Chengleput Joint II SRO, is Rs 175 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

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

Over the years, the guideline value of A.M.Nagar has seen several revisions. In 2012, the guideline value was set at Rs 175 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 117 per sq.ft, reflecting a decline of 33%. The value then increased by 50% to Rs 175 per sq.ft in the 2023 revision, and it has remained the same in the 2024 revision, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for A.M.Nagar. Therefore, the only recorded values are from 2012, 2017, 2023, and 2024, with the current guideline value being Rs 175 per sq.ft since 2023.

Guideline values in Sithandi

In addition to A.M.Nagar, there are other streets in Sithandi under the Chengleput Joint II SRO. The guideline values for these streets are also Rs 175 per sq.ft as of 2024.

• Athirstam Nagar: Rs 175 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 1,75,000. The stamp duty at 7% would be Rs 12,250, and the registration fee at 2% would be Rs 3,500, together amounting to Rs 15,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers A.M.Nagar?

A.M.Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process of property transactions in Sithandi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, which are calculated based on this value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration of property in A.M.Nagar.

Frequently asked questions

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

The current guideline value of A.M.Nagar is Rs 175 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revisions being Rs 175 per sq.ft in 2023 and 2024, up from Rs 117 per sq.ft in 2017 and Rs 175 per sq.ft in 2012.

What is the stamp duty for property in A.M.Nagar?

The stamp duty for property in A.M.Nagar is 7% of the guideline value. For a property valued at Rs 1,75,000, the stamp duty would be Rs 12,250.

Where is the Chengleput Joint II SRO located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the guideline value determined for property transactions?

The guideline value is determined by the Registration Department and is used as a basis for calculating stamp duty and registration fees during property transactions. It reflects the government’s assessment of property values in specific areas.