Guideline Value for AMMAN NAGAR

Amman Nagar guideline value

The current guideline value of Amman Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class III Type - III.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has raised the guideline value to Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

Overall, the guideline value has increased by 64% from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with a median value of Rs 750 per sq.ft. The guideline value for Amman Nagar is below this median.

• Amman Koil Street: Rs 750 per sq.ft (2024)
• Amutha Avenue: Rs 750 per sq.ft (2024)
• Anand Garden (S.No. 145/1c2): Rs 750 per sq.ft (2024)
• Anand Garden ( S.No. 382/4b1 & 382/4b2): Rs 440 per sq.ft (2024)
• Anandh Avenue & Streets: Rs 840 per sq.ft (2024)
• Ambigapuram & Streets: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, while the registration fee at 2% would be Rs 8,800, resulting in a total cost of Rs 39,600. Note that the 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 information.

Which Sub Registrar Office covers Amman Nagar?

The Sub Registrar Office that covers Amman Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a critical factor when registering property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be sold and helps in calculating the applicable stamp duty and registration fees.

When you buy or sell property in this area, the guideline value ensures transparency and fairness in the transaction process. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

The guideline value has increased by 64% from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024.

What is the land classification of Amman Nagar?

Amman Nagar is classified as Residential Class III Type - III.

Where can I find the Sub Registrar Office for Amman Nagar?

The Avadi Sub Registrar Office covers Amman Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for property in Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 at 7%.