Guideline Value for AMAR GARDEN

Amar Garden guideline value

The current guideline value of Amar Garden is Rs 1,980 per sq.ft, effective from 1 July 2024. This property is located in Thandalam village, under the Thiruporur SRO, and falls under the Residential Class III Type - III land classification.

How the guideline value of Amar Garden has changed

The guideline value for Amar Garden has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, an increase from the 2023 figure of Rs 1,800 per sq.ft. This change represents a 10% rise from the previous year. Prior to 2023, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline values for Amar Garden have progressed from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024. The register does not provide figures for the earlier years mentioned, indicating a lack of recorded values for those periods.

Guideline values in Thandalam

In Thandalam, there are 26 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 3,275 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Amar Garden's 2024 figure above that median.

• Akshaya Nagar: Rs 660 per sq.ft (2024)
• Adityaram Happinest: Rs 1,980 per sq.ft (2024)
• Anandham Nagar: Rs 1,478 per sq.ft (2024)
• Anandham Nagar Extention: Rs 1,478 per sq.ft (2024)
• Chellammal Nagar: Rs 1,100 per sq.ft (2024)
• Dasara Bhoomi: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Amar Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. 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 Amar Garden?

The Sub Registrar Office that covers Amar Garden is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Thandalam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property transaction occurs, the guideline value is compared with the sale price. The stamp duty is charged on whichever amount is higher, ensuring that the government receives the appropriate revenue from property transactions. This process helps maintain transparency and fairness in the real estate market.

Frequently asked questions

What is the current guideline value of Amar Garden?

The current guideline value of Amar Garden is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2023 to Rs 1,980 per sq.ft in 2024, marking a 10% increase. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification of Amar Garden?

Amar Garden falls under the Residential Class III Type - III land classification, which is relevant for property transactions in this area.

What are the stamp duty and registration fees for Amar Garden?

For a 1,000 sq.ft plot in Amar Garden, the total stamp duty and registration fees would amount to Rs 1,78,200, based on the current guideline value of Rs 19,80,000.

Where is the Sub Registrar Office for Amar Garden located?

The Thiruporur Sub Registrar Office, which covers Amar Garden, is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.