Guideline Value for AMARAVATHI NAGAR EAST III RD CROSS STREET

Amaravathi Nagar East III Rd Cross Street guideline value

The current guideline value of Amaravathi Nagar East III Rd 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 is classified as Residential Special Type - I.

How the guideline value of Amaravathi Nagar East III Rd Cross Street has changed

The guideline value for Amaravathi Nagar East III Rd Cross Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,350 per sq.ft, which increased to Rs 6,000 per sq.ft in 2012. However, this value dropped by 33% to Rs 4,020 per sq.ft in the 2017 revision. The 2023 revision saw a substantial increase to Rs 6,000 per sq.ft, followed by a further increase of 10% to the current rate of Rs 6,600 per sq.ft in 2024.

Between the revisions, the guideline value increased by 344% from 2007 to 2012, decreased by 33% from 2012 to 2017, and then rose by 49% from 2017 to 2023. Overall, from 2007 to 2024, the guideline value has increased by 389%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO, with 2024 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 current value of Amaravathi Nagar East III Rd Cross Street above this median.

• Amaravathi Nagar East II Nd Cross Street: Rs 6,600 per sq.ft (2024)
• Amaravathi Nagar: 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 West III Rd Cross Street: Rs 6,600 per sq.ft (2024)
• Amarar Durai Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Amaravathi Nagar East III Rd 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, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amaravathi Nagar East III Rd Cross Street?

The Sub Registrar Office that covers Amaravathi Nagar East III Rd 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Arumbakkam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and fairly. It helps maintain transparency in property transactions and is essential for legal documentation during the buying and selling process.

Frequently asked questions

What is the current guideline value of Amaravathi Nagar East III Rd Cross Street?

The current guideline value of Amaravathi Nagar East III Rd 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 significantly, from Rs 1,350 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 389% over the years.

What is the land classification for Amaravathi Nagar East III Rd Cross Street?

Amaravathi Nagar East III Rd Cross Street is classified as Residential Special Type - I.

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

For a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 and the registration fee would be Rs 1,32,000, totaling Rs 5,94,000.

Where can I find the Kodambakkam Sub Registrar Office?

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