Guideline Value for AMALA NAGAR

Amala Nagar guideline value

The current guideline value of Amala Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Ikkadu village under the Tiruvallur Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of Amala Nagar has changed

Over the years, the guideline value of Amala Nagar has seen several revisions. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 268 per sq.ft. Following this, the value increased significantly to Rs 400 per sq.ft in the 2023 revision, maintaining the same figure in the 2024 revision, indicating no change between these two years. The register has no figures for the years 2002, 2003, and 2007 for this street.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, there was a substantial increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has remained unchanged at Rs 400 per sq.ft.

Guideline values in Ikkadu

In Ikkadu village, there are 51 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,400 per sq.ft. The median value is Rs 400 per sq.ft, which is equal to the guideline value of Amala Nagar.

• Ambedkar Nagar: Rs 500 per sq.ft (2024)
• Ambetkar street: Rs 500 per sq.ft (2024)
• Anna Nagar: Rs 500 per sq.ft (2024)
• ArunaChalam Street: Rs 300 per sq.ft (2024)
• Balaji Nagar: Rs 500 per sq.ft (2024)
• Elumalai Garden: Rs 626 per sq.ft (2024)

Stamp duty and registration fee for property in Amala Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total cost to Rs 36,000. 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 more details.

Which Sub Registrar Office covers Amala Nagar?

The Sub Registrar Office that covers Amala Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Ikkadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid to the government.

When a property transaction occurs, the guideline value ensures that the property is registered at a value that reflects the market conditions, thereby ensuring transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Amala Nagar?

The current guideline value of Amala Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft since 2012, with a decrease to Rs 268 per sq.ft in 2017, followed by an increase back to Rs 400 per sq.ft in 2023 and 2024.

What is the land classification of Amala Nagar?

Amala Nagar is classified as Residential Class II Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Amala Nagar?

The Sub Registrar Office for Amala Nagar is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.N. Road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Amala Nagar?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at 7%.