Guideline Value for AU MIT NAGAR PHASE - V

Au Mit Nagar Phase - V guideline value

The current guideline value of Au Mit Nagar Phase - V is Rs 1,000 per sq.ft, effective from 1 July 2024. This property is located in Atanancheri village, under the Gooduvancheri SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Au Mit Nagar Phase - V has changed

Over the years, the guideline value for Au Mit Nagar Phase - V has seen several revisions. The earliest available figure is from 2012, which was Rs 1,000 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. Following this, the value increased to Rs 1,000 per sq.ft in the 2023 revision, maintaining the same rate in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, there was a significant increase of 49%, but the overall change from 2012 to 2024 shows no variation, as the value returned to its original figure of Rs 1,000 per sq.ft.

Guideline values in Atanancheri

Atanancheri village has 83 streets under the Gooduvancheri SRO, with a 2024 guideline value range from Rs 400 to Rs 2,500 per sq.ft. The median value is Rs 700 per sq.ft, positioning Au Mit Nagar Phase - V above this median.

• Au Mit Nagar Phase -IV: Rs 1,000 per sq.ft (2024)
• Au Mit Nagar Phase III: Rs 1,000 per sq.ft (2024)
• Au Mit Nagar Phase II: Rs 1,000 per sq.ft (2024)
• AU-MIT Nagar Phase -I: Rs 1,000 per sq.ft (2024)
• A.V.Nagar: Rs 600 per sq.ft (2024)
• Anna Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Au Mit Nagar Phase - V

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that 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 details.

Which Sub Registrar Office covers Au Mit Nagar Phase - V?

The Sub Registrar Office that covers Au Mit Nagar Phase - V is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Atanancheri. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value helps determine the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that all transactions are transparent and adhere to the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value for Au Mit Nagar Phase - V?

The current guideline value for Au Mit Nagar Phase - V is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent changes being a return to Rs 1,000 per sq.ft in 2023 and 2024, after a decrease to Rs 670 per sq.ft in 2017.

What is the land classification for Au Mit Nagar Phase - V?

Au Mit Nagar Phase - V is classified as Commercial Class I Type - II, which indicates its suitability for commercial activities.

Where can I find the registration office for Au Mit Nagar Phase - V?

The registration office for Au Mit Nagar Phase - V is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or sale price, whichever is higher. For example, a property with a guideline value of Rs 10,00,000 would incur a stamp duty of Rs 70,000 and a registration fee of Rs 20,000.