Guideline Value for AMMAN NAGAR EXTENSION 3RD CROSS

Amman Nagar Extension 3rd Cross guideline value

The current guideline value for Amman Nagar Extension 3rd Cross is Rs 1,650 per sq.ft. This property is located in Koladi village, under the Chennai South Joint II SRO, and is classified as Residential Class I Type - II.

How the guideline value of Amman Nagar Extension 3rd Cross has changed

The guideline value for Amman Nagar Extension 3rd Cross has seen several revisions over the years. In 2012, the value was Rs 1,500 per sq.ft, which then decreased to Rs 1,005 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 1,650 per sq.ft, which is 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 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 3rd Cross above this median.

• Amman Nagar Extension 2nd Cross: Rs 1,650 per sq.ft (2024)
• Amman Nagar Main Road: Rs 1,650 per sq.ft (2024)
• Amman Nagar 3rd Main Road: Rs 1,650 per sq.ft (2024)
• Amman Nagar Main Road 1,2 Cross: Rs 1,650 per sq.ft (2024)
• Amman Nagar Nagar Extension 1st Cross: Rs 1,650 per sq.ft (2024)
• Amman Nagar 3rd Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar Extension 3rd Cross

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,50,000. The stamp duty is charged at 7%, totaling Rs 1,15,500, and the registration fee at 2% amounts to Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Nagar Extension 3rd Cross?

The Sub Registrar Office covering Amman Nagar Extension 3rd 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 information.

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

The guideline value is a crucial factor when buying or selling property in Koladi, as it determines the minimum value at which a property can be registered. It is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions.

Frequently asked questions

What is the current guideline value for Amman Nagar Extension 3rd Cross?

The current guideline value for Amman Nagar Extension 3rd Cross is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

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

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Amman Nagar Extension 3rd Cross is charged at 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Amman Nagar Extension 3rd Cross is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the median guideline value for streets in Koladi?

The median guideline value for streets in Koladi is Rs 1,100 per sq.ft, with Amman Nagar Extension 3rd Cross being above this median at Rs 1,650 per sq.ft.