Guideline Value for AMUDHAM COLONY

Amudham Colony guideline value

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

How the guideline value of Amudham Colony has changed

The guideline value for Amudham Colony has undergone several revisions over the years. The earliest figure available is from the 2017 revision, which was Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Athipattu

Athipattu village has 108 streets under the Thiruvottiyur SRO, with the 2024 guideline values ranging from Rs 220 to Rs 462 per sq.ft. The median value is Rs 330 per sq.ft, which is equal to the guideline value for Amudham Colony.

• Amudha Nagar: 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)
• Alamelu Nagar: Rs 330 per sq.ft (2024)
• Annai Avenue: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Amudham Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Amudham Colony?

The Sub Registrar Office that covers Amudham Colony 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 Athipattu

The guideline value plays a crucial role in the registration process when buying or selling property in Athipattu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Amudham Colony?

The current guideline value for Amudham Colony 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 a total increase of 64% over this period.

What are the stamp duty and registration fees for property in Amudham Colony?

For a property valued at Rs 3,30,000, the stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700. These fees are based on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Amudham Colony?

The Thiruvottiyur Sub Registrar Office handles registrations for Amudham Colony, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What other streets in Athipattu have the same guideline value?

Several other streets in Athipattu also have a guideline value of Rs 330 per sq.ft in 2024, including Amudha Nagar, Anandha Nagar, Andal Thirunagar, Alamelu Nagar, and Annai Avenue.