Guideline Value for AMODHAPURAM BRAHMIN STREET

Amodhapuram Brahmin Street guideline value

The current guideline value of Amodhapuram Brahmin Street is Rs 550 per sq.ft, effective from 1 July 2024. This street is located in Tiruttani village under the Thiruttani SRO, classified as Residential Class V Type - I.

How the guideline value of Amodhapuram Brahmin Street has changed

The guideline value for Amodhapuram Brahmin Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 550 per sq.ft, which is an increase from Rs 500 per sq.ft in 2023, marking a 10% rise. Prior to that, the value was Rs 335 per sq.ft in 2017, indicating a significant increase of 49% over six years.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The overall change from the 2017 revision to the 2024 revision is an increase of 64%.

Guideline values in Tiruttani

In Tiruttani, there are 160 streets under the Thiruttani SRO that carry a 2024 guideline value, ranging from Rs 548 to Rs 1,540 per sq.ft. The median value among these streets is Rs 825 per sq.ft, placing Amodhapuram Brahmin Street's 2024 figure below that median.

• Amirthapuram Colony: Rs 550 per sq.ft (2024)
• Amirdhapuram Nallangulam(Nallanigunda): Rs 548 per sq.ft (2024)
• Amirdhapuram Chthoor Road: Rs 550 per sq.ft (2024)
• Amirdhapuram Bazaar Street: Rs 550 per sq.ft (2024)
• Amiirdhapuram Anna Nagar: Rs 550 per sq.ft (2024)
• Amidhapuram Mahalakshmi Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Amodhapuram Brahmin Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, leading to a total of Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amodhapuram Brahmin Street?

The Sub Registrar Office that covers Amodhapuram Brahmin Street is the Thiruttani Sub Registrar Office, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

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

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

The guideline value is a crucial factor when registering property transactions in Tiruttani. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair rate according to government standards.

When buying or selling property, the guideline value impacts the calculation of stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Amodhapuram Brahmin Street?

The current guideline value of Amodhapuram Brahmin Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 335 per sq.ft in 2017 to Rs 550 per sq.ft in 2024, an overall increase of 64%. The value was Rs 500 per sq.ft in 2023, reflecting a 10% increase from that year.

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

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 5,50,000. The stamp duty would be Rs 38,500, and the registration fee would be Rs 11,000, totaling Rs 49,500.

Which Sub Registrar Office covers this street?

The Thiruttani Sub Registrar Office covers Amodhapuram Brahmin Street, located at No.31, Old Taluk Office Compound, Kacheri Street Opposite, Gandhi Road Main, Thiruttani-631 209, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used as a benchmark for property transactions, determining the minimum value for registration. It also influences the calculation of stamp duty and registration fees, which are necessary costs during the transfer of property ownership.