Guideline Value for AMMA NAGAR

Amma Nagar guideline value

The current guideline value of Amma Nagar, located in Valluvapakkam village, is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Walajabad Sub Registrar Office and is classified as Residential Class I Type - II.

How the guideline value of Amma Nagar has changed

The guideline value for Amma Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 250 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a decline of 33%. However, it rebounded to Rs 250 per sq.ft in the 2023 revision, maintaining the same value in the subsequent 2024 revision, resulting in a 50% increase from 2017 to 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 250 per sq.ft.

Guideline values in Valluvapakkam

In Valluvapakkam, there are 20 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 800 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Amma Nagar aligns with this median figure.

• New Aparna Nagar: Rs 300 per sq.ft (2024)
• N.K.S. Nagar: Rs 250 per sq.ft (2024)
• Ramachandra Nagar: Rs 250 per sq.ft (2024)
• Sri Angalaparameshwari Nagar: Rs 250 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 250 per sq.ft (2024)
• Sri Lakshmi Guberan Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Amma Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty is charged at 7%, totaling Rs 17,500, while the registration fee is charged at 2%, amounting to Rs 5,000. Therefore, the total cost for stamp duty and registration fees would be Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Amma Nagar?

Amma Nagar falls under the jurisdiction of the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Valluvapakkam. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Amma Nagar?

The current guideline value of Amma Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Amma Nagar has remained constant at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017, followed by a return to Rs 250 per sq.ft in 2023 and 2024.

What is the classification of land in Amma Nagar?

Amma Nagar is classified as Residential Class I Type - II, which reflects its intended use for residential purposes.

Where is the Walajabad Sub Registrar Office located?

The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.

How is stamp duty calculated in Amma Nagar?

Stamp duty in Amma Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 at a rate of 7%.