Guideline Value for AAVUDAI AMMAN NAGAR EXTENSION

Aavudai Amman Nagar Extension guideline value

The current guideline value of Aavudai Amman Nagar Extension is Rs 150 per sq.ft. This area is located in Thangalperumpulam village and falls under the Ponneri SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Aavudai Amman Nagar Extension has changed

The guideline value for Aavudai Amman Nagar Extension has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 150 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 100 per sq.ft. This indicates a 50% increase from the 2017 revision to the 2023 revision. Overall, from 2017 to 2024, there has been a 50% increase in the guideline value.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the changes in guideline values are only reflected from the 2017, 2023, and 2024 revisions.

Guideline values in Thangalperumpulam

In Thangalperumpulam village, there are six streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 200 per sq.ft. The median guideline value for these streets is Rs 150 per sq.ft, which is equal to the 2024 figure for Aavudai Amman Nagar Extension.

• Aavudai Amman Nagar Extension-I: Rs 150 per sq.ft (2024)
• Apj Abdul Kalam Nagar: Rs 150 per sq.ft (2024)
• Avudai Amman Nagar: Rs 150 per sq.ft (2024)
• Vetrivel Nagar: Rs 100 per sq.ft (2024)
• Gomathi Amman Nagar Phase-I: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Aavudai Amman Nagar Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, while the registration fee at 2% would be Rs 3,000, bringing the total cost for these fees to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aavudai Amman Nagar Extension?

The Sub Registrar Office that covers Aavudai Amman Nagar Extension is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Thangalperumpulam. It serves as a benchmark for determining stamp duty and registration fees during the property registration process. Buyers and sellers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value helps ensure that transactions are conducted smoothly and in compliance with local regulations. It is advisable to check the latest guideline values before proceeding with any property transactions.

Frequently asked questions

What is the current guideline value of Aavudai Amman Nagar Extension?

The current guideline value of Aavudai Amman Nagar Extension is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 50%. The value was Rs 100 per sq.ft in 2017, Rs 150 per sq.ft in 2023, and remains Rs 150 per sq.ft in 2024.

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

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Aavudai Amman Nagar Extension?

The Ponneri Sub Registrar Office handles property registrations for Aavudai Amman Nagar Extension. It is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What is the land classification for Aavudai Amman Nagar Extension?

The land classification for Aavudai Amman Nagar Extension is Residential Class I Type - I, which indicates its designation for residential use.