Guideline Value for Amarasan Nagar

Amarasan Nagar guideline value

The current guideline value of Amarasan Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Anakaputhur village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Amarasan Nagar has changed

Over the years, the guideline value of Amarasan Nagar has seen significant changes. In 2003, the guideline value was Rs 207 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a 45% rise. The value then surged to Rs 1,206 per sq.ft in 2017, reflecting a remarkable 302% increase. The 2023 revision set the guideline value at Rs 1,800 per sq.ft, a 49% increase from 2017. The current value of Rs 1,980 per sq.ft in 2024 represents a 10% increase from the previous year.

It is important to note that the register has no figure for the years 2002 and 2012 for this street. Overall, from 2003 to 2024, the guideline value has increased by 857%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, which matches the current value for Amarasan Nagar.

• Amaresan Nagar 1st Street: Rs 1,980 per sq.ft (2024)
• Amaresan Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Amaresan Nagar 3rd Street: Rs 1,980 per sq.ft (2024)
• Agatheeswarar Street/ Venkateswara Nagar: Rs 1,980 per sq.ft (2024)
• Agatheeswarar Street / MGR Nagar: Rs 1,760 per sq.ft (2024)
• Agatheeswarar Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Amarasan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, making the total cost for these fees Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amarasan Nagar?

The Sub Registrar Office that covers Amarasan Nagar is 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 Anakaputhur

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It is the minimum value set by the government for property transactions, ensuring that properties are not sold below this value for registration purposes.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amarasan Nagar?

The current guideline value of Amarasan Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant increases, from Rs 207 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 857% over this period.

What is the stamp duty for property transactions in Amarasan Nagar?

The stamp duty for property transactions in Amarasan Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Amarasan Nagar located?

The Sub Registrar Office for Amarasan Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is the guideline value determined for properties in Anakaputhur?

The guideline value for properties in Anakaputhur is determined by the government and varies by street, reflecting the minimum value for property transactions in that area.