Guideline Value for Amalanathan Road

Amalanathan Road guideline value

The current guideline value of Amalanathan Road in Pozhichalur village, under the Pammal Sub Registrar Office (SRO), is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - II land classification.

How the guideline value of Amalanathan Road has changed

The guideline value for Amalanathan Road has undergone several revisions over the years. The earliest recorded figure is from 2007, which was Rs 400 per sq.ft. This increased to Rs 804 per sq.ft in 2017, marking a significant rise of 101%. From 2017 to 2023, the value rose by 49% to Rs 1,200 per sq.ft. The latest revision in 2024 sees a further increase of 10%, bringing the current value to Rs 1,320 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2012 in the register for this street.

Overall, from 2007 to 2024, the guideline value has increased by 230%. This substantial rise reflects the changes in the area's real estate landscape over the years.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets listed under the Pammal SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for the area is Rs 1,320 per sq.ft, which is the same as the current value for Amalanathan Road.

• Amalanathan Street: Rs 1,320 per sq.ft (2024)
• Ambedkar Street: Rs 1,100 per sq.ft (2024)
• Ambedkar Street, Vinayaga Nagar: Rs 1,100 per sq.ft (2024)
• Agatheeswarar Nagar M.G.R Street: Rs 2,200 per sq.ft (2024)
• Agatheeswarar Nagar 8th Street: Rs 2,200 per sq.ft (2024)
• Agatheeswarar Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Amalanathan Road

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total charges Rs 1,18,800. It's important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amalanathan Road?

The Amalanathan Road is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements and to understand the financial implications of the transaction.

When registering a property, the guideline value is used to calculate the stamp duty, which is a mandatory fee imposed by the government. This ensures that the transaction is officially documented and recognized, providing legal protection to both parties involved.

Frequently asked questions

What is the current guideline value of Amalanathan Road?

The current guideline value of Amalanathan Road is Rs 1,320 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 400 per sq.ft in 2007 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the registration office for Amalanathan Road?

The registration office for Amalanathan Road is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for properties in Pozhichalur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 13,20,000, the stamp duty would be 7% of this amount.

Are there other streets in Pozhichalur with similar guideline values?

Yes, there are other streets in Pozhichalur with guideline values around Rs 1,320 per sq.ft, including Amalanathan Street and several others listed under the Pammal SRO.