Guideline Value for Amar Nagar

Amar Nagar guideline value

The current guideline value of Amar Nagar, located in Kadaperi village under the Tambaram Joint 1 SRO, is Rs 2,200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Amar Nagar has changed

The guideline value for Amar Nagar has seen several revisions over the years. In 2007, the value was Rs 1,200 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, there was a decrease to Rs 1,340 per sq.ft in 2017. Following this, the value rose significantly to Rs 2,000 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 2,200 per sq.ft. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 10%. The overall change from 2007 to 2024 is an increase of 83%. The fluctuations in values reflect the changes in the real estate landscape over the years.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 7,700 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, making Amar Nagar's 2024 figure of Rs 2,200 per sq.ft higher than the median.

• Amman Koil Street: Rs 1,100 per sq.ft (2024)
• Aamarar Jeeva Street: Rs 1,650 per sq.ft (2024)
• Aadam Sahib Street: Rs 1,100 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Arpudham Nagar: Rs 1,650 per sq.ft (2024)
• Arputha Nagar Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Amar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to 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 details.

Which Sub Registrar Office covers Amar Nagar?

The Sub Registrar Office that covers Amar Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Kadaperi

The guideline value plays a crucial role in property transactions in Kadaperi. It serves as a benchmark for determining the minimum price at which properties can be registered, ensuring transparency and fairness in the registration process.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that all transactions are conducted according to the established legal framework, providing security for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Amar Nagar?

The current guideline value of Amar Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 83% over the years.

What are the stamp duty and registration fees for property in Amar Nagar?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft property, the total costs would amount to Rs 1,98,000.

Which office handles property registrations in Amar Nagar?

The Tambaram Joint 1 Sub Registrar Office handles property registrations in Amar Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification of Amar Nagar?

Amar Nagar falls under the Residential Class I Type - I land classification, indicating its suitability for residential development.