Guideline Value for AMUDHAN NAGAR

Amudhan Nagar guideline value

The current guideline value of Amudhan Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Thachoor_2 village under the Ponneri Sub Registrar Office (SRO) in Chennai zone. The land classification for this street is Residential Class II Type - I.

How the guideline value of Amudhan Nagar has changed

The guideline value of Amudhan Nagar has seen significant changes over the years. The register has no figure for this street for the years 2002, 2003, 2007, 2012, and 2017. However, in the 2023 revision, the guideline value was set at Rs 150 per sq.ft. With the latest revision in 2024, the guideline value increased to Rs 400 per sq.ft, marking a change of +167% from the previous year.

This increase reflects a notable adjustment in the valuation of properties in this area. The 2024 guideline value of Rs 400 per sq.ft is considerably higher than the Rs 150 per sq.ft established in 2023, indicating a substantial rise in the valuation for Amudhan Nagar.

Guideline values in Thachoor_2

In Thachoor_2 village, there are 40 streets under the Ponneri SRO that carry a 2024 guideline value, ranging from Rs 202 to Rs 1,800 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Amudhan Nagar's 2024 figure below this median. This context highlights the relative position of Amudhan Nagar within the broader landscape of Thachoor_2.

• Aambal Nagar: Rs 800 per sq.ft (2024)
• Balasubramaniyam Nagar: Rs 1,195 per sq.ft (2024)
• Ganesh Garden: Rs 800 per sq.ft (2024)
• Gorti Green Garden: Rs 400 per sq.ft (2024)
• Illaihi Nagar: Rs 400 per sq.ft (2024)
• Jai Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Amudhan Nagar

For a 1,000 sq.ft plot in Amudhan Nagar at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty, charged at 7%, would amount to Rs 28,000, while the registration fee at 2% would be Rs 8,000. Together, these fees would total Rs 36,000. 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 fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amudhan Nagar?

Amudhan Nagar falls under the jurisdiction of the Ponneri Sub Registrar Office. The office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more details, you can find your SRO.

How the guideline value is used when you buy or sell in Thachoor_2

The guideline value is a critical factor in the registration process for buying or selling property in Thachoor_2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. The fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

When engaging in property transactions in Thachoor_2, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with the registration process. Buyers and sellers should ensure that they are informed about the latest revisions to avoid any discrepancies or unexpected costs during the transaction.

Frequently asked questions

What is the current guideline value of Amudhan Nagar?

The current guideline value of Amudhan Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This value is crucial for calculating stamp duty and registration fees during property transactions.

How much has the guideline value changed recently?

The guideline value for Amudhan Nagar increased from Rs 150 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, representing a significant rise of +167%. This change reflects the latest revision in property valuation for the area.

What is the median guideline value in Thachoor_2?

The median guideline value for streets in Thachoor_2 is Rs 600 per sq.ft. Amudhan Nagar's 2024 guideline value is below this median, indicating its relative position among the streets in the village.

What fees are associated with buying property in Amudhan Nagar?

When buying property in Amudhan Nagar, buyers must pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur total fees of Rs 36,000 based on the current guideline value.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office, which covers Amudhan Nagar, is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of property transactions in the area.