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Guideline Value

Corporate

Guideline Value for AMMAN NAGAR EXTENSION 2ND CROSS

₹1650/sq.ft.

The guideline value for Amman Nagar Extension 2nd Cross in Koladi village (Chennai South Joint Ii SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Amman Nagar Extension 2nd Cross

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Amman Nagar Extension 2nd Cross guideline value

The current guideline value of Amman Nagar Extension 2nd Cross is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Koladi village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Amman Nagar Extension 2nd Cross has changed

The guideline value for Amman Nagar Extension 2nd Cross has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision when it was reduced to Rs 1,005 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

In total, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, the 2017 revision did not maintain a consistent upward trend, as it represented a 33% decrease from the 2012 figure. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 4,000 per sq.ft. The median value for these streets is Rs 1,100 per sq.ft, placing Amman Nagar Extension 2nd Cross above this median with its current value of Rs 1,650 per sq.ft.

Stamp duty and registration fee for property in Amman Nagar Extension 2nd Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total cost for these fees Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Amman Nagar Extension 2nd Cross?

The Sub Registrar Office that covers Amman Nagar Extension 2nd Cross is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koladi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the actual market conditions and the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Amman Nagar Extension 2nd Cross?

The current guideline value of Amman Nagar Extension 2nd Cross is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 10% over this period.

What are the other streets in Koladi with the same guideline value?

Several other streets in Koladi have the same guideline value of Rs 1,650 per sq.ft for 2024, including Amman Nagar Extension 3rd Cross, Amman Nagar 3rd Main Road, and Amman Nagar Main Road.

What is the registration fee for property in Amman Nagar Extension 2nd Cross?

The registration fee is calculated based on the guideline value. For a property valued at Rs 16,50,000, the registration fee would be Rs 33,000 at a rate of 2%.

Which office handles the registration for Amman Nagar Extension 2nd Cross?

The registration for Amman Nagar Extension 2nd Cross is handled by the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.