Guideline Value for AMARAVATHI NAGAR EAST II ND CROSS STREET

Amaravathi Nagar East II Nd Cross Street guideline value

The current guideline value of Amaravathi Nagar East II Nd Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, and the land classification is Residential Special Type - I.

How the guideline value of Amaravathi Nagar East II Nd Cross Street has changed

The guideline value for Amaravathi Nagar East II Nd Cross Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,350 per sq.ft. This increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 344%. However, the value then decreased to Rs 4,020 per sq.ft in 2017, a drop of 33%. The most recent revision in 2023 set the value at Rs 6,000 per sq.ft, which then rose to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 389%. The revisions for the years 2002 and 2003 show no figures for this street in the register.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value is Rs 6,000 per sq.ft, making the 2024 figure for Amaravathi Nagar East II Nd Cross Street above this median.

• Amaravathi Nagar East III Rd Cross Street: Rs 6,600 per sq.ft (2024)
• Amaravathi Nagar East I St Cross Street: Rs 6,600 per sq.ft (2024)
• Amaravathi Nagar Main Road: Rs 6,600 per sq.ft (2024)
• Amaravathi Nagar: Rs 6,600 per sq.ft (2024)
• Amaravathi Nagar West III Rd Cross Street: Rs 6,600 per sq.ft (2024)
• Amaravathi Nagar West II Nd Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Amaravathi Nagar East II Nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. 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 Amaravathi Nagar East II Nd Cross Street?

The Sub Registrar Office that covers Amaravathi Nagar East II Nd Cross Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value is an important factor in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that these charges are calculated based on a standardized value.

When a property transaction occurs, the guideline value is checked against the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring compliance with the legal requirements in Tamil Nadu.

Frequently asked questions

What is the current guideline value of Amaravathi Nagar East II Nd Cross Street?

The current guideline value of Amaravathi Nagar East II Nd Cross Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,350 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, representing an overall increase of 389% over the years.

What are the other streets with the same guideline value in Arumbakkam?

Other streets in Arumbakkam with the same guideline value of Rs 6,600 per sq.ft for 2024 include Amaravathi Nagar East I St Cross Street, Amaravathi Nagar East III Rd Cross Street, Amaravathi Nagar Main Road, Amaravathi Nagar, Amaravathi Nagar West II Nd Cross Street, and Amaravathi Nagar West III Rd Cross Street.

What is the registration fee for property in Amaravathi Nagar East II Nd Cross Street?

The registration fee for property in Amaravathi Nagar East II Nd Cross Street is calculated at 2% of the guideline value or sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.