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Guideline Value

Corporate

Guideline Value for AMARAVATHI NAGAR WEST II ND CROSS STREET

₹6600/sq.ft.

The guideline value for Amaravathi Nagar West Ii Nd 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 ₹1400 /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 Ii Nd Cross Street

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Amaravathi Nagar West II Nd Cross Street guideline value

The current guideline value of Amaravathi Nagar West II Nd 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 II Nd Cross Street has changed

The guideline value for Amaravathi Nagar West II Nd Cross Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 1,400 per sq.ft, which then increased significantly to Rs 6,000 per sq.ft in 2012, marking a rise of 329%. However, the value dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, and most recently to Rs 6,600 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the current 2024 revision, the guideline value has risen by 371%. It is important to note that 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 that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for the area is Rs 6,000 per sq.ft, placing the 2024 figure for Amaravathi Nagar West II Nd Cross Street above that median.

Stamp duty and registration fee for property in Amaravathi Nagar West 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 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, bringing the total to Rs 5,94,000. 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 details.

Which Sub Registrar Office covers Amaravathi Nagar West II Nd Cross Street?

The Sub Registrar Office that covers Amaravathi Nagar West 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 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 serves as a benchmark for determining the value of the property for the purpose of calculating stamp duty and registration fees.

When a property transaction occurs, the stamp duty is assessed based on the guideline value or the sale price, whichever is higher. 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 West II Nd Cross Street?

The current guideline value of Amaravathi Nagar West 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 1,400 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 371% across the revisions.

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

Several other streets in Arumbakkam share the same guideline value of Rs 6,600 per sq.ft in 2024, including Amaravathi Nagar West III Rd Cross Street, Amaravathi Nagar West I St Cross Street, and others.

Where can I find the registration office for Amaravathi Nagar West II Nd Cross Street?

The registration office for Amaravathi Nagar West II Nd Cross Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 at a rate of 7%.