Guideline Value for Al Ameen Nagar

Al Ameen Nagar guideline value

The current guideline value of Al Ameen Nagar is Rs 990 per sq.ft, effective from 1 July 2024. This area is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class V Type - I.

How the guideline value of Al Ameen Nagar has changed

The guideline value of Al Ameen Nagar has undergone several revisions over the years. The oldest recorded revision is from 2007, where the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 900 per sq.ft in 2012, marking a 350% increase. However, from 2012 to 2017, the value decreased by 33% to Rs 603 per sq.ft. The most recent revision in 2024 sees the guideline value rise to Rs 990 per sq.ft, reflecting a 64% increase from 2017.

It is important to note that there are no recorded figures for the years 2023, 2003, and 2002 for this street. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 395% in the guideline value.

Guideline values in Thirumullaivoyal

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

• Al Ameen Nagar Extn.,: Rs 880 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

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty, charged at 7%, would be Rs 69,300, while the registration fee at 2% would be Rs 19,800. Together, these fees amount to Rs 89,100. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Al Ameen Nagar?

The Sub Registrar Office that covers Al Ameen Nagar 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 more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Thirumullaivoyal. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Al Ameen Nagar?

The current guideline value of Al Ameen Nagar is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 200 per sq.ft in 2007 to Rs 990 per sq.ft in 2024, marking an overall increase of 395%.

What is the registration office for Al Ameen Nagar?

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

What are the stamp duty and registration fees for properties in Al Ameen Nagar?

For a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 and the registration fee would be Rs 19,800, totaling Rs 89,100.

Where can I find the guideline values for other streets in Thirumullaivoyal?

You can find the guideline values for other streets in Thirumullaivoyal, such as Al Ameen Nagar Extn., Aishwarya Nagar, and others, through the respective links provided in the guideline values section.