Guideline Value for AMUDHA NAGAR

Amudha Nagar guideline value

The current guideline value of Amudha Nagar, located in Nadukuthagai village under the Avadi SRO, is Rs 1,980 per sq.ft. This value is effective from 1 July 2024 and falls under the Commercial Class I Type - II land classification.

How the guideline value of Amudha Nagar has changed

Over the years, the guideline value for Amudha Nagar has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,800 per sq.ft, and the most recent 2024 revision set it at Rs 1,980 per sq.ft. It is important to note that the register has no figure for this street in the years 2002, 2003, and 2007.

When examining the changes between revisions, the guideline value increased by 10% from 2023 to 2024. The jump from 2017 to 2023 was a significant 49%, while the value decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 value across these streets is Rs 880 per sq.ft, which means Amudha Nagar's 2024 figure is above that median.

• Amrutha Nagar Cth Road: Rs 1,980 per sq.ft (2024)
• Amrudha 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 Amudha Nagar

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%, is Rs 1,38,600, while the registration fee at 2% comes to Rs 39,600. Together, these fees total Rs 1,78,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amudha Nagar?

The Sub Registrar Office that covers Amudha 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 in the registration process when buying or selling property in Nadukuthagai. It serves as a reference point to determine the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer pays the stamp duty based on either the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Amudha Nagar?

The current guideline value of Amudha Nagar 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 of Amudha Nagar?

Amudha Nagar falls under the Commercial Class I Type - II land classification.

What are the other streets in Nadukuthagai?

Other streets in Nadukuthagai include Amrutha Nagar Cth Road, Amrudha Nagar, Annai Indira Gandhi Nagar, Annai Indira Nagar, Boombukar Nagar, and Brindavanam Garden, each with varying guideline values.

Where is the Avadi Sub Registrar Office located?

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