Guideline Value for AMMAN NAGAR 1 TO 12 STREETS

Amman Nagar 1 To 12 Streets guideline value

The current guideline value for Amman Nagar 1 To 12 Streets in Thirusulam village is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class II Type - II.

How the guideline value of Amman Nagar 1 To 12 Streets has changed

The guideline value for Amman Nagar 1 To 12 Streets has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and further to Rs 2,200 per sq.ft in the 2024 revision.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value for these streets is Rs 1,940 per sq.ft, placing Amman Nagar 1 To 12 Streets above this median.

• Amman Nagar 12th Street: Rs 2,200 per sq.ft (2024)
• Amman Nagar Highway Salai: Rs 2,200 per sq.ft (2024)
• Bajani Koil Street: Rs 1,100 per sq.ft (2024)
• Chennai Harbour Officers Colony 1 To 4 Streets: Rs 1,940 per sq.ft (2024)
• Dharga Road: Rs 1,940 per sq.ft (2024)
• Easwaran Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar 1 To 12 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Amman Nagar 1 To 12 Streets?

The Sub Registrar Office that covers Amman Nagar 1 To 12 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Thirusulam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the sale or purchase of property.

When registering a property, the guideline value is considered to ensure that the transaction reflects the market conditions, and it is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Amman Nagar 1 To 12 Streets?

The current guideline value for Amman Nagar 1 To 12 Streets is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Amman Nagar 1 To 12 Streets?

Amman Nagar 1 To 12 Streets is classified as Residential Class II Type - II.

What is the registration office for Amman Nagar 1 To 12 Streets?

The registration office for Amman Nagar 1 To 12 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is stamp duty calculated for properties in Amman Nagar 1 To 12 Streets?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at a rate of 7%.