Guideline Value for AMIRTHAPURAM COLONY

Amirthapuram Colony guideline value

The current guideline value of Amirthapuram Colony, located in Tiruttani village under the Thiruttani SRO, is Rs 550 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class V Type - I.

How the guideline value of Amirthapuram Colony has changed

The guideline value for Amirthapuram Colony has seen several revisions over the years. The 2017 revision set the value at Rs 335 per sq.ft, which increased to Rs 500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the guideline value to Rs 550 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO with a 2024 guideline value ranging from Rs 548 to Rs 1,540 per sq.ft, with a median value of Rs 825 per sq.ft. The guideline value of Amirthapuram Colony is below this median.

• Amirdhapuram Nallangulam(Nallanigunda): Rs 548 per sq.ft (2024)
• Amirdhapuram Chthoor Road: Rs 550 per sq.ft (2024)
• Amirdhapuram Bazaar Street: Rs 550 per sq.ft (2024)
• Amiirdhapuram Anna Nagar: Rs 550 per sq.ft (2024)
• Amidhapuram Mahalakshmi Nagar: Rs 550 per sq.ft (2024)
• Amodhapuram Brahmin Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Amirthapuram Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty, charged at 7%, would amount to Rs 38,500, while the registration fee at 2% would be Rs 11,000, bringing the total fees to Rs 49,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amirthapuram Colony?

The Sub Registrar Office that covers Amirthapuram Colony is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tiruttani. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value.

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

Frequently asked questions

What is the current guideline value of Amirthapuram Colony?

The current guideline value of Amirthapuram Colony is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2023, and then to Rs 550 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the stamp duty rate for properties in Amirthapuram Colony?

The stamp duty rate for properties in Amirthapuram Colony is 7% of the guideline value or sale price, whichever is higher.

Where is the Thiruttani Sub Registrar Office located?

The Thiruttani Sub Registrar Office is located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

What are the guideline values of other streets in Tiruttani?

Other streets in Tiruttani have varying guideline values, with rates ranging from Rs 548 to Rs 1,540 per sq.ft. The median value for these streets is Rs 825 per sq.ft.