Guideline Value for AU MIT NAGAR PHASE III

Au Mit Nagar Phase III guideline value

The current guideline value of Au Mit Nagar Phase III 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 III has changed

Over the years, the guideline value for Au Mit Nagar Phase III has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was maintained through the 2017 revision. However, in 2017, the value increased to Rs 670 per sq.ft, marking a decrease of 33%. From 2017 to 2023, the value rose significantly by 49%, bringing it back to Rs 1,000 per sq.ft, a figure that has remained unchanged in the 2024 revision.

It is important to note that for the years 2002, 2003, and 2007, the register has no figure for this street. The overall change from the 2012 revision to the 2024 revision shows no increase, remaining at Rs 1,000 per sq.ft.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 400 to Rs 2,500 per sq.ft. The median value for these streets is Rs 700 per sq.ft, positioning Au Mit Nagar Phase III above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total 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, resulting in a total of Rs 90,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Au Mit Nagar Phase III?

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

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

The guideline value is a critical factor in the registration process when buying or selling property in Atanancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction, providing transparency and clarity in the process.

Frequently asked questions

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

The current guideline value of Au Mit Nagar Phase III 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 remained at Rs 1,000 per sq.ft from 2012 to 2024, with a significant increase of 49% from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023.

What are the guideline values of other streets in Atanancheri?

Other streets in Atanancheri have varying guideline values, with Au Mit Nagar Phase II, Au Mit Nagar Phase -IV, AU-MIT Nagar Phase -I, and Au Mit Nagar Phase - V all valued at Rs 1,000 per sq.ft in 2024.

What is the stamp duty for property in Au Mit Nagar Phase III?

The stamp duty for property in Au Mit Nagar Phase III is calculated at 7% of the guideline value. For a 1,000 sq.ft plot valued at Rs 1,000 per sq.ft, the stamp duty would be Rs 70,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.