Guideline Value for AMARAVATHI NAGAR SARATHI NAGAR

Amaravathi Nagar Sarathi Nagar guideline value

The current guideline value of Amaravathi Nagar Sarathi Nagar is Rs 2,750 per sq.ft, effective from 1 July 2024. This area 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 Sarathi Nagar has changed

Over the years, the guideline value for Amaravathi Nagar Sarathi Nagar has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,500 per sq.ft in 2023, before reaching the current figure of Rs 2,750 per sq.ft in 2024, marking a 10% increase from the previous year.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value for the area is Rs 2,200 per sq.ft, placing Amaravathi Nagar Sarathi Nagar's current value above this median.

• Amaravathi Nagar Anna Street: 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 Sarathi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that 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 precise calculations based on your property details.

Which Sub Registrar Office covers Amaravathi Nagar Sarathi Nagar?

The Sub Registrar Office that covers Amaravathi Nagar Sarathi Nagar 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 an essential factor in property transactions in Jelandianpettai. It serves as a benchmark for determining the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the property.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions, thus helping maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Amaravathi Nagar Sarathi Nagar?

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

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 2,500 to Rs 1,675 in 2017, then increased to Rs 2,500 in 2023, and finally to Rs 2,750 in 2024.

What is the median guideline value in Jelandianpettai?

The median guideline value in Jelandianpettai is Rs 2,200 per sq.ft, with Amaravathi Nagar Sarathi Nagar's current value being above this median.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for Amaravathi Nagar Sarathi Nagar?

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