Guideline Value for AMMAN NAGAR PHASE -II

Amman Nagar Phase -II guideline value

The current guideline value of Amman Nagar Phase -II is Rs 1,300 per sq.ft. This area is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Amman Nagar Phase -II has changed

The guideline value for Amman Nagar Phase -II has seen significant changes over the years. In the 2017 revision, the guideline value was Rs 871 per sq.ft. The latest revision in 2023 has increased this to Rs 1,300 per sq.ft, marking a change of +49% from the previous figure.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2024 for this street. Therefore, the only revisions with values are from 2017 and 2023.

Guideline values in Nalambakkam

Currently, there are no specific village figures available for Nalambakkam. Amman Nagar Phase -II falls under the Gooduvancheri SRO, which is responsible for registering properties in this area.

Stamp duty and registration fee for property in Amman Nagar Phase -II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty is charged at 7%, which totals Rs 91,000, and the registration fee is 2%, amounting to Rs 26,000. Together, this results in a total cost of Rs 1,17,000. It is important to note that 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 Phase -II?

The Sub Registrar Office that covers Amman Nagar Phase -II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process when buying or selling property in Nalambakkam. 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 registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Amman Nagar Phase -II?

The current guideline value of Amman Nagar Phase -II is Rs 1,300 per sq.ft as per the 2023 revision.

How much has the guideline value changed over the years?

The guideline value increased from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, which is a change of +49%.

Are there any guideline values for previous revisions?

There are no guideline values available for the revisions in 2002, 2003, 2007, 2012, and 2024 for Amman Nagar Phase -II.

What is the stamp duty rate for properties in Amman Nagar Phase -II?

The stamp duty rate for properties in Amman Nagar Phase -II is 7% of the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.