Guideline Value for AMRUTHA NAGAR CTH ROAD

Amrutha Nagar Cth Road guideline value

The current guideline value of Amrutha Nagar Cth Road is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Nadukuthagai village and falls under the Avadi Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - II.

How the guideline value of Amrutha Nagar Cth Road has changed

The guideline value for Amrutha Nagar Cth Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft. This was followed by a decrease in the 2017 revision, which adjusted the value to Rs 1,206 per sq.ft, representing a decline of 33%. The 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision raised it to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nadukuthagai

Nadukuthagai village has a total of 35 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 330 to Rs 1,980 per sq.ft. The median guideline value for the village is Rs 880 per sq.ft, placing Amrutha Nagar Cth Road's 2024 figure above that median.

• Amrudha Nagar: 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 Amrutha Nagar Cth Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty, charged at 7%, would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. Together, the total cost for stamp duty and registration would be 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.

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

Which Sub Registrar Office covers Amrutha Nagar Cth Road?

The Avadi Sub Registrar Office covers Amrutha Nagar Cth Road. The office is 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 Nadukuthagai

The guideline value is a crucial factor in the registration process when buying or selling property in Nadukuthagai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration process is transparent and standardized.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers and sellers must be aware of the current guideline value to understand the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Amrutha Nagar Cth Road?

The current guideline value of Amrutha Nagar Cth Road is Rs 1,980 per sq.ft, 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 increased 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 for Amrutha Nagar Cth Road?

The land classification for Amrutha Nagar Cth Road is Commercial Class I Type - II.

Which Sub Registrar Office covers this area?

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

How is the stamp duty calculated for property transactions?

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