Guideline Value for AMEER NAGAR

Ameer Nagar guideline value

The current guideline value of Ameer Nagar, located in Ottiyampakkam village under the Selaiyur Sub Registrar Office, is Rs 1,950 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - I land classification.

How the guideline value of Ameer Nagar has changed

Over the years, the guideline value for Ameer Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 1,950 per sq.ft, an increase from Rs 1,800 per sq.ft in the 2023 revision. Notably, there was no change in the guideline value between the 2012 and 2023 revisions, as both were set at Rs 1,800 per sq.ft. The overall change from the 2012 revision to the 2024 revision reflects an increase of 8%.

Prior to the 2012 revision, the register has no figures for the years 2002, 2003, 2007, and 2017 for Ameer Nagar. Therefore, the only revisions available are from 2012, 2023, and 2024.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median value for these streets is Rs 1,950 per sq.ft, which is equal to the guideline value of Ameer Nagar.

• Ambedkar Street: Rs 1,950 per sq.ft (2024)
• Amaya: Rs 2,600 per sq.ft (2024)
• Annai Avenue: Rs 1,650 per sq.ft (2024)
• Agriya Phase 2: Rs 2,400 per sq.ft (2024)
• Aran: Rs 2,700 per sq.ft (2024)
• Arasangazhani Odai Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ameer Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value amounts to Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, bringing the total to Rs 1,75,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Ameer Nagar?

Ameer Nagar falls under the jurisdiction of the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Ottiyampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation.

During the registration process, the stamp duty and registration fees are calculated 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 region.

Frequently asked questions

What is the current guideline value of Ameer Nagar?

The current guideline value of Ameer Nagar is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased by 8% from Rs 1,800 per sq.ft in 2023 to Rs 1,950 per sq.ft in 2024. There was no change in the value from 2012 to 2023.

What are the other streets in Ottiyampakkam?

Other streets in Ottiyampakkam include Ambedkar Street, Amaya, Annai Avenue, Agriya Phase 2, Aran, and Arasangazhani Odai Street, with varying guideline values for 2024.

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated in Ameer Nagar?

Stamp duty in Ameer Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, there is a registration fee of 2% applicable.