Guideline Value for Al Ameen Nagar Extn.,

Al Ameen Nagar Extn., guideline value

The current guideline value of Al Ameen Nagar Extn. is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class V Type - II.

How the guideline value of Al Ameen Nagar Extn., has changed

The guideline value for Al Ameen Nagar Extn. has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following that, the 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision has raised it to Rs 880 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, placing Al Ameen Nagar Extn.'s 2024 figure below that median.

• Al Ameen Nagar: Rs 990 per sq.ft (2024)
• Aishwarya Nagar: Rs 2,400 per sq.ft (2024)
• Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar): Rs 3,801 per sq.ft (2024)
• Ambattu Oragadam Co-operative Building Society Colony (S.No.880/1, 2, 3): Rs 1,900 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,500 per sq.ft (2024)
• Ambedkar Road 2nd Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Al Ameen Nagar Extn.,

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for these fees Rs 79,200. Please 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 information.

Which Sub Registrar Office covers Al Ameen Nagar Extn.,?

The Sub Registrar Office that covers Al Ameen Nagar Extn. is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is an important metric used during the registration of property transactions in Thirumullaivoyal. It helps determine the stamp duty and registration fees applicable when buying or selling properties in the area.

When a property is registered, the guideline value is considered as a baseline for calculating these fees. Buyers should be aware that the fees are charged based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Al Ameen Nagar Extn.?

The current guideline value of Al Ameen Nagar Extn. is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification for Al Ameen Nagar Extn.?

Al Ameen Nagar Extn. is classified as Residential Class V Type - II.

Where can I find the Sub Registrar Office for Al Ameen Nagar Extn.?

The Sub Registrar Office for Al Ameen Nagar Extn. is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Al Ameen Nagar Extn.?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600.