Guideline Value for AMUDHA NAGAR

Amudha Nagar guideline value

The current guideline value of Amudha Nagar is Rs 330 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Amudha Nagar has changed

The guideline value for Amudha Nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 201 per sq.ft. This figure increased significantly in the 2023 revision to Rs 300 per sq.ft, marking a 49% rise. The latest revision in 2024 saw another increase, bringing the guideline value to Rs 330 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median value for these streets is Rs 330 per sq.ft, which is equal to the guideline value of Amudha Nagar.

• Amudham Colony: Rs 330 per sq.ft (2024)
• Anandha Nagar: Rs 330 per sq.ft (2024)
• Andal Thirunagar: Rs 330 per sq.ft (2024)
• Ambani Nagar -II: Rs 275 per sq.ft (2024)
• Annai Avenue: Rs 330 per sq.ft (2024)
• Alamelu Nagar: Rs 330 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 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty is charged at 7%, which would be Rs 23,100, and the registration fee at 2% amounts to Rs 6,600. Together, these fees total Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amudha Nagar?

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

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

The guideline value is a crucial factor when registering property transactions in Athipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential to consult the latest guideline values to ensure compliance with the registration norms set by the Thiruvottiyur SRO.

Frequently asked questions

What is the current guideline value of Amudha Nagar?

The current guideline value of Amudha Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 201 per sq.ft to Rs 330 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification of Amudha Nagar?

Amudha Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office covering Amudha Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How are stamp duty and registration fees calculated in Amudha Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2%. For example, for a plot valued at Rs 3,30,000, the total fees would amount to Rs 29,700.