Guideline Value for AU MIT NAGAR PHASE -IV

Au Mit Nagar Phase -IV guideline value

The current guideline value of Au Mit Nagar Phase -IV is Rs 1,000 per sq.ft. This area 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 -IV has changed

Looking at the revisions, the guideline value for Au Mit Nagar Phase -IV has seen several changes over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 1,000 per sq.ft. The most recent 2024 revision has maintained this value at Rs 1,000 per sq.ft, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 1,000 per sq.ft.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value for Au Mit Nagar Phase -IV is above this median.

• Au Mit Nagar Phase III: Rs 1,000 per sq.ft (2024)
• Au Mit Nagar Phase - V: 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 -IV

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be 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, bringing the total fees to Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

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

The Sub Registrar Office that covers Au Mit Nagar Phase -IV is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Atanancheri. When a property is bought or sold, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the officially recognized value of the property.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial aspects of property transactions. Proper understanding of these values can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Au Mit Nagar Phase -IV?

The current guideline value of Au Mit Nagar Phase -IV 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 changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007.

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

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

What are the stamp duty and registration fees for properties in Au Mit Nagar Phase -IV?

For a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000, and the registration fee would be Rs 20,000, totaling Rs 90,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for Au Mit Nagar Phase -IV?

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