Guideline Value for AMMAN NAGAR 12TH STREET

Amman Nagar 12th Street guideline value

The current guideline value of Amman Nagar 12th Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village, under the Pallavaram SRO, and is classified as Residential Class II Type - II.

How the guideline value of Amman Nagar 12th Street has changed

The guideline value for Amman Nagar 12th Street has seen significant revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which decreased to Rs 1,340 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, the value increased by 49%, bringing it to Rs 2,000 per sq.ft. The latest revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. 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 that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value among these streets is Rs 1,940 per sq.ft, positioning Amman Nagar 12th Street's 2024 figure above that median.

• Amman Nagar 1 To 12 Streets: 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 12th Street

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, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that 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 Amman Nagar 12th Street?

The Sub Registrar Office that covers Amman Nagar 12th Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value serves as a benchmark for property transactions in Thirusulam. When buying or selling property, this value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the property transaction and ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Amman Nagar 12th Street?

The current guideline value of Amman Nagar 12th Street 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 increased 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 of Amman Nagar 12th Street?

Amman Nagar 12th Street is classified as Residential Class II Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Where is the Sub Registrar Office for Amman Nagar 12th Street located?

The Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.