Guideline Value for AMUDHAS GREEN LAYOUT

Amudhas Green Layout guideline value

The current guideline value of Amudhas Green Layout is Rs 3,330 per sq.ft, effective from 1 July 2024. This layout is located in Chitthalapakkam village, under the Selaiyur SRO, and is classified as Industries Type - III.

How the guideline value of Amudhas Green Layout has changed

The guideline value for Amudhas Green Layout has seen several revisions over the years. The 2017 revision set the value at Rs 2,060 per sq.ft. This increased significantly to Rs 3,080 per sq.ft in the 2023 revision, marking a 50% rise. The most recent revision in 2024 has further increased the guideline value to Rs 3,330 per sq.ft, reflecting an 8% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 62%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft, with a median value of Rs 2,900 per sq.ft. The guideline value of Amudhas Green Layout is above this median.

• Amutha Nagar: Rs 2,450 per sq.ft (2024)
• Ambethkar Street: Rs 2,700 per sq.ft (2024)
• Ambal Nagar: Rs 2,700 per sq.ft (2024)
• Adp Avenue: Rs 1,300 per sq.ft (2024)
• Aravindar Enclave: Rs 1,950 per sq.ft (2024)
• Aravind Avenue: Rs 2,950 per sq.ft (2024)

Stamp duty and registration fee for property in Amudhas Green Layout

For a 1,000 sq.ft plot at the current guideline value of Rs 3,330 per sq.ft, the total guideline value amounts to Rs 33,30,000. The stamp duty at 7% would be Rs 2,33,100, and the registration fee at 2% would be Rs 66,600, bringing the total cost to Rs 2,99,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Amudhas Green Layout?

The Sub Registrar Office that covers Amudhas Green Layout is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chitthalapakkam. 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 you transact a property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the sale price, which ensures that the transaction is fairly assessed for taxation purposes.

Frequently asked questions

What is the current guideline value of Amudhas Green Layout?

The current guideline value of Amudhas Green Layout is Rs 3,330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,060 per sq.ft in 2017 to Rs 3,330 per sq.ft in 2024, marking an overall increase of 62% across these years.

What is the land classification of Amudhas Green Layout?

Amudhas Green Layout is classified as Industries Type - III, indicating its suitability for industrial development.

Where is the Sub Registrar Office located for Amudhas Green Layout?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How do I calculate stamp duty and registration fees for a property in Amudhas Green Layout?

To calculate the stamp duty and registration fees, you can use the guideline value. For example, for a 1,000 sq.ft plot at Rs 3,330 per sq.ft, the total guideline value is Rs 33,30,000. The stamp duty would be 7% of this value, and the registration fee would be 2%.