Guideline Value for AMARPRAKASH DEVELOPERS

Amarprakash Developers guideline value

The current guideline value of Amarprakash Developers in Thirumudivakkam village, under the Padappai SRO, is Rs 1,320 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - I.

How the guideline value of Amarprakash Developers has changed

The guideline value for Amarprakash Developers has seen significant changes over the years. In the 2017 revision, the value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Thirumudivakkam

Thirumudivakkam has a range of guideline values across its 56 streets under the Padappai SRO, with values ranging from Rs 660 to Rs 3,860 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, which is equal to the current guideline value of Amarprakash Developers.

• Aditya Industrial Park: Rs 1,930 per sq.ft (2024)
• Anna Baba Nagar: Rs 880 per sq.ft (2024)
• A.R.Rahman Nagar: Rs 1,320 per sq.ft (2024)
• Arunagiri Nagar: Rs 880 per sq.ft (2024)
• Astalakshmi Nagar: Rs 880 per sq.ft (2024)
• Bajanai Koil Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Amarprakash Developers

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. 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 Amarprakash Developers?

The Amarprakash Developers property falls under the jurisdiction of the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Thirumudivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the necessary revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Amarprakash Developers?

The current guideline value of Amarprakash Developers is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the registration office for Amarprakash Developers?

The registration office for Amarprakash Developers is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Thirumudivakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000.

What other streets have guideline values in Thirumudivakkam?

Other streets in Thirumudivakkam have varying guideline values, with rates ranging from Rs 660 to Rs 3,860 per sq.ft. The median value for these streets is Rs 1,320 per sq.ft.