Guideline Value for AMARAVATHI NAGAR ANNA STREET

Amaravathi Nagar Anna Street guideline value

The current guideline value of Amaravathi Nagar Anna Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Jelandianpettai village, under the Chennai South Joint I SRO, and is classified as Residential Class I Type - I.

How the guideline value of Amaravathi Nagar Anna Street has changed

The guideline value for Amaravathi Nagar Anna Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, an increase from Rs 2,500 per sq.ft in 2023, which represents a 10% rise. Prior to that, the 2017 revision recorded a guideline value of Rs 1,675 per sq.ft, marking a significant increase of 49% to the 2023 figure. The 2012 revision had set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, when comparing the guideline values from 2012 to 2024, there has been a modest increase of 10%.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Amaravathi Nagar Anna Street's 2024 guideline value is above this median.

• Amaravathi Nagar Sarathi Nagar: Rs 2,750 per sq.ft (2024)
• Alagiri Street: Rs 2,200 per sq.ft (2024)
• Alagar Street: Rs 2,200 per sq.ft (2024)
• Ambethkar Street: Rs 2,200 per sq.ft (2024)
• Adhiyaman Street: Rs 2,200 per sq.ft (2024)
• Andal Nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Amaravathi Nagar Anna Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees together to Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amaravathi Nagar Anna Street?

The Sub Registrar Office that covers Amaravathi Nagar Anna Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Amaravathi Nagar Anna Street?

The current guideline value of Amaravathi Nagar Anna Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, which is a 10% increase. It was Rs 1,675 per sq.ft in 2017, showing a 49% increase to the 2023 figure.

What is the land classification for Amaravathi Nagar Anna Street?

Amaravathi Nagar Anna Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

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

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 2,47,500.

Which office handles registrations for Amaravathi Nagar Anna Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Amaravathi Nagar Anna Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.