Guideline Value for AMARAR JEEVARATHINAM STREET

Amarar Jeevarathinam Street guideline value

The current guideline value of Amarar Jeevarathinam Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village, under the Neelankarai SRO, and is classified as Residential Class III Type - I.

How the guideline value of Amarar Jeevarathinam Street has changed

The guideline value for Amarar Jeevarathinam Street has undergone several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 700 per sq.ft. This figure increased to Rs 1,000 per sq.ft in 2012, followed by a decrease to Rs 670 per sq.ft in 2017. The value then rose significantly to Rs 1,000 per sq.ft in 2023 and is now set at Rs 1,100 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, there has been an increase of 57%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Uthandi

In Uthandi village, there are 197 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 14,700 per sq.ft, with a median value of Rs 1,700 per sq.ft. Amarar Jeevarathinam Street's current guideline value is below this median.

• Adhithyaram Properties: Rs 1,700 per sq.ft (2024)
• Anbu Thottam: Rs 1,700 per sq.ft (2024)
• Abimanyu Nadarajan Street: Rs 3,300 per sq.ft (2024)
• Anil Nagar Garden: Rs 1,700 per sq.ft (2024)
• Abdul Kadir Garden: Rs 1,100 per sq.ft (2024)
• Appadurai Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Amarar Jeevarathinam Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty, charged at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, totaling Rs 99,000 for the transaction. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amarar Jeevarathinam Street?

The Sub Registrar Office that covers Amarar Jeevarathinam Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions in Uthandi, as it determines the amount of stamp duty and registration fees that need to be paid. When buying or selling property, the guideline value is used to calculate these fees based on the property's size and the current rate.

It is important for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations during the registration process. This value serves as a benchmark for property transactions in the area.

Frequently asked questions

What is the current guideline value of Amarar Jeevarathinam Street?

The current guideline value of Amarar Jeevarathinam Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 57% over the years.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 99,000, based on the current rates.

Which office handles property registrations for Amarar Jeevarathinam Street?

The Neelankarai Sub Registrar Office handles property registrations for Amarar Jeevarathinam Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees payable during property transactions, ensuring compliance with local regulations.