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Guideline Value

Corporate

Guideline Value for AMARAVATHI NAGAR WEST I ST CROSS STREET

₹6600/sq.ft.

The guideline value for Amaravathi Nagar West I St Cross Street in Arumbakkam village (Kodambakkam SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arumbakkam

Village

Kodambakkam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1350 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Amaravathi Nagar West I St Cross Street

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Amaravathi Nagar West I St Cross Street guideline value

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

How the guideline value of Amaravathi Nagar West I St Cross Street has changed

The guideline value for Amaravathi Nagar West I St Cross Street has undergone several revisions over the years. The earliest recorded figure was Rs 1,350 per sq.ft in 2007, which increased significantly to Rs 6,000 per sq.ft in 2012. However, it saw a decrease to Rs 4,020 per sq.ft in 2017. The value then rose to Rs 6,000 per sq.ft in 2023 before reaching the current value of Rs 6,600 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 reflects a 10% increase. 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 a guideline value for 2024 ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 6,000 per sq.ft, placing the 2024 figure for Amaravathi Nagar West I St Cross Street above that median.

Stamp duty and registration fee for property in Amaravathi Nagar West I St 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 amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total fees together 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 also use our stamp duty and registration fee calculator for more specific calculations.

Which Sub Registrar Office covers Amaravathi Nagar West I St Cross Street?

The Sub Registrar Office that covers Amaravathi Nagar West I St Cross Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value plays a crucial role in property transactions in Arumbakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements.

Additionally, the guideline value is intended to reflect the market conditions of the area, which can influence the pricing of properties. It is advisable to consult the latest guideline value before proceeding with any property transaction to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Amaravathi Nagar West I St Cross Street?

The current guideline value of Amaravathi Nagar West I St 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, reflecting an increase of 389% over the years.

What is the land classification for Amaravathi Nagar West I St Cross Street?

The land classification for Amaravathi Nagar West I St Cross Street is Residential Special Type - I.

Where can I find the Sub Registrar Office for Amaravathi Nagar West I St Cross Street?

The Sub Registrar Office for Amaravathi Nagar West I St Cross Street is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in Amaravathi Nagar West I St Cross Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total stamp duty would be Rs 4,62,000 based on the current guideline value.