Guideline Value

Corporate

Guideline Value for Amarar M.G.R. Nagar

₹440/sq.ft.

The guideline value for Amarar M.g.r. Nagar in Attanthangal village (Redhills SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Attanthangal

Village

Redhills

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹22 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Amarar M.g.r. Nagar

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Amarar M.G.R. Nagar guideline value

The current guideline value of Amarar M.G.R. Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Attanthangal village and falls under the Redhills SRO. The land classification for this street is Residential Class III Type - I.

How the guideline value of Amarar M.G.R. Nagar has changed

The guideline value for Amarar M.G.R. Nagar has seen significant changes over the years. In the 2003 revision, the guideline value was Rs 22 per sq.ft. This figure increased dramatically to Rs 200 per sq.ft in 2007, marking an increase of 809%. The value then rose to Rs 400 per sq.ft in 2012, representing a 100% increase from the previous revision. However, it decreased to Rs 268 per sq.ft in 2017, a decline of 33%. The 2023 revision set the value at Rs 400 per sq.ft, which was unchanged from 2012. As of the latest 2024 revision, the guideline value stands at Rs 440 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 1900%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Attanthangal

In Attanthangal, there are 80 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 880 per sq.ft, with a median value of Rs 880 per sq.ft. Amarar M.G.R. Nagar's 2024 figure is below this median.

Stamp duty and registration fee for property in Amarar M.G.R. Nagar

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total charges Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amarar M.G.R. Nagar?

The Sub Registrar Office covering Amarar M.G.R. Nagar is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value is a critical component in the registration process when buying or selling property in Attanthangal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Amarar M.G.R. Nagar?

The current guideline value of Amarar M.G.R. Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 22 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, which is an increase of 1900% overall.

What are the stamp duty rates for property in Amarar M.G.R. Nagar?

The stamp duty rate for property in Amarar M.G.R. Nagar is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office handles registrations for Amarar M.G.R. Nagar?

The Redhills Sub Registrar Office handles registrations for Amarar M.G.R. Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the land classification for Amarar M.G.R. Nagar?

The land classification for Amarar M.G.R. Nagar is Residential Class III Type - I.