Guideline Value for AMSA THOTTAM

Amsa Thottam guideline value

The current guideline value of Amsa Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village, under the jurisdiction of the Thiruvottiyur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Amsa Thottam has changed

The guideline value for Amsa Thottam has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, it then dropped to Rs 2,010 per sq.ft in 2017. The most recent revisions show a rise to Rs 3,000 per sq.ft in 2023, followed by the current value of Rs 3,300 per sq.ft in 2024. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, followed by a further increase of 10% from 2023 to 2024. The overall change from the 2007 revision to the current 2024 revision is an increase of 450%. The fluctuations in the guideline value reflect various adjustments over the years, highlighting the dynamic nature of property valuation in this area.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,300 to Rs 8,600 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is the same as the current figure for Amsa Thottam.

• Ambigai Nagar: Rs 1,500 per sq.ft (2024)
• Anjugam Nagar--1: Rs 3,300 per sq.ft (2024)
• Anjugam Nagar--2: Rs 3,300 per sq.ft (2024)
• Anna Colony: Rs 3,700 per sq.ft (2024)
• Annai Gengammal Street: Rs 1,300 per sq.ft (2024)
• Annamalai Nagars/Streets/Cross Streets: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Amsa Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amsa Thottam?

The Sub Registrar Office that covers Amsa Thottam is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruvottiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is assessed to ensure that the fees are calculated accurately. Buyers and sellers must be aware of the current guideline value as it directly affects their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Amsa Thottam?

The current guideline value of Amsa Thottam is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for Amsa Thottam?

The land classification for Amsa Thottam is Residential Special Type - I, indicating its designation for residential purposes.

Where can I find the Sub Registrar Office for Amsa Thottam?

The Sub Registrar Office for Amsa Thottam is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Amsa Thottam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty at 7% would be Rs 2,31,000.