Guideline Value for AMOGHA

Amogha guideline value

The current guideline value of Amogha, located in Madurabakkam village under the Selaiyur SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Amogha has changed

Over the years, the guideline value of Amogha has seen several revisions. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 2,000 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value for Amogha was Rs 2,000 per sq.ft. The register does not provide figures for the earlier years mentioned, making it difficult to track the historical changes in value before 2023.

Guideline values in Madurabakkam

In Madurabakkam, there are 23 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 2,700 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, placing Amogha's 2024 figure above this median.

• Arivalayam Street: Rs 1,600 per sq.ft (2024)
• Devi Kamatchi Nagar: Rs 1,300 per sq.ft (2024)
• Dharani Nagar: Rs 1,600 per sq.ft (2024)
• Dr.RAGINI CITY: Rs 1,600 per sq.ft (2024)
• Green Castle Avenue: Rs 1,600 per sq.ft (2024)
• Kamatchi Nagr: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Amogha

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, leading to a total cost of Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Amogha?

The Sub Registrar Office that covers Amogha is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Madurabakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the actual sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price is not below the guideline value. This ensures compliance with local regulations and helps avoid potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Amogha?

The current guideline value of Amogha is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Amogha was Rs 2,000 per sq.ft in 2023, which increased to Rs 2,200 per sq.ft in 2024. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the guideline values of other streets in Madurabakkam?

Other streets in Madurabakkam have varying guideline values, ranging from Rs 1,100 to Rs 2,700 per sq.ft. The median value is Rs 1,600 per sq.ft, with Amogha's value being above this median.

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

For a property valued at Rs 22,00,000, the stamp duty at 7% amounts to Rs 1,54,000, and the registration fee at 2% is Rs 44,000, totaling Rs 1,98,000. These fees are based on the higher of the guideline value or the sale price.

Which Sub Registrar Office handles registrations for Amogha?

The Selaiyur Sub Registrar Office handles registrations for Amogha, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.