Guideline Value for AMRUDHA NAGAR

Amrudha Nagar guideline value

The current guideline value of Amrudha Nagar, located in Nadukuthagai village under the Avadi SRO, is Rs 1,980 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Commercial Class I Type - II.

How the guideline value of Amrudha Nagar has changed

Over the years, the guideline value of Amrudha Nagar has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,206 per sq.ft. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision raised it further to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2024, the overall change in guideline value is a modest increase of 10%. Notably, the value surged by 49% from 2017 to 2023. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Nadukuthagai

Nadukuthagai village has a total of 35 streets under the Avadi SRO that carry a 2024 guideline value. The values range from Rs 330 to Rs 1,980 per sq.ft, with the median value being Rs 880 per sq.ft. Amrudha Nagar's 2024 figure is above this median.

• Amrutha Nagar Cth Road: Rs 1,980 per sq.ft (2024)
• Amudha Nagar: Rs 1,980 per sq.ft (2024)
• Annai Indira Gandhi Nagar: Rs 600 per sq.ft (2024)
• Annai Indira Nagar: Rs 600 per sq.ft (2024)
• Boombukar Nagar: Rs 1,100 per sq.ft (2024)
• Brindavanam Garden: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Amrudha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amrudha Nagar?

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

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

The guideline value is a crucial factor when it comes to the registration of properties in Nadukuthagai. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government collects appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the expected valuation of the property. It is essential for buyers to be aware of the guideline value to ensure they are not overpaying and that sellers are pricing their properties competitively.

Frequently asked questions

What is the current guideline value of Amrudha Nagar?

The current guideline value of Amrudha Nagar is Rs 1,980 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the land classification of Amrudha Nagar?

Amrudha Nagar is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

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

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

How is stamp duty calculated for properties in Amrudha Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 19,80,000 would incur a stamp duty of Rs 1,38,600 at a rate of 7%.