Guideline Value for AMUTHA NAGAR

Amutha Nagar guideline value

The current guideline value of Amutha Nagar is Rs 2,450 per sq.ft, effective from 1 July 2024. This area is located in Chitthalapakkam village, under the Selaiyur SRO, and is classified as Mixed Type - III land.

How the guideline value of Amutha Nagar has changed

The guideline value for Amutha Nagar has seen several revisions over the years. Starting from the 2017 revision, the value was set at Rs 1,500 per sq.ft. This increased significantly to Rs 2,240 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has further increased the value to Rs 2,450 per sq.ft, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 63%.

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 Amutha Nagar is below this median.

• Amudhas Green Layout: Rs 3,330 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 Amutha Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,450 per sq.ft, the total guideline value would be Rs 24,50,000. The stamp duty at 7% would be Rs 1,71,500, and the registration fee at 2% would be Rs 49,000, bringing the total charges to Rs 2,20,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amutha Nagar?

The Sub Registrar Office that covers Amutha Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in 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 on which stamp duty and registration fees are calculated.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Amutha Nagar?

The current guideline value of Amutha Nagar is Rs 2,450 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 63%, starting from Rs 1,500 per sq.ft to Rs 2,450 per sq.ft in 2024.

What are the other streets in Chitthalapakkam with their guideline values?

Other streets in Chitthalapakkam include Amudhas Green Layout at Rs 3,330 per sq.ft, Ambethkar Street and Ambal Nagar both at Rs 2,700 per sq.ft, Adp Avenue at Rs 1,300 per sq.ft, Aravindar Enclave at Rs 1,950 per sq.ft, and Aravind Avenue at Rs 2,950 per sq.ft.

What is the stamp duty rate for properties in Amutha Nagar?

The stamp duty rate for properties in Amutha Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Selaiyur Sub Registrar Office?

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