Guideline Value for AMUDHAM COLONY

Amudham Colony guideline value

The current guideline value of Amudham Colony is Rs 6,600 per sq.ft, effective from 1 July 2024. This area is located in Tnagar village under the Thiyagaraya nagar SRO, classified as Residential Class III Type - I.

How the guideline value of Amudham Colony has changed

The guideline value for Amudham Colony has seen several revisions over the years. The 2012 revision set the value at Rs 6,000 per sq.ft, which was then reduced to Rs 4,020 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 6,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The changes from the previous revisions include a significant 49% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017. For the years 2002, 2003, and 2007, the register has no figure for this street.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO, with guideline values ranging from Rs 4,400 to Rs 27,500 per sq.ft. The median value for these streets is Rs 11,000 per sq.ft, placing Amudham Colony's 2024 figure below this median.

• Ananthan Street: Rs 11,000 per sq.ft (2024)
• Alaiamman Koil Street: Rs 6,600 per sq.ft (2024)
• Annai Sathya Bazaar Street: Rs 11,000 per sq.ft (2024)
• Abdul Azeez Street: Rs 11,000 per sq.ft (2024)
• Anna Street: Rs 8,300 per sq.ft (2024)
• Arcot Road: Rs 14,300 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 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amudham Colony?

The Sub Registrar Office that covers Amudham Colony is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor when registering property transactions in Tnagar. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the costs associated with the transaction. Understanding these values can help ensure compliance with local regulations and facilitate a smoother registration process.

Frequently asked questions

What is the current guideline value of Amudham Colony?

The current guideline value of Amudham Colony is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then back to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the land classification of Amudham Colony?

Amudham Colony is classified as Residential Class III Type - I.

Where can I find the registration office for Amudham Colony?

The registration office for Amudham Colony is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

How is stamp duty calculated for properties in Amudham Colony?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 66,00,000 would incur a stamp duty of Rs 4,62,000 at 7%.