Guideline Value for Amaravathi Street

Amaravathi Street guideline value

The current guideline value of Amaravathi Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Moovarasampattu village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Amaravathi Street has changed

The guideline value for Amaravathi Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 134 per sq.ft. This value increased significantly to Rs 148 per sq.ft in 2003, marking a 10% rise. The next major jump occurred in 2007, when the guideline value surged to Rs 650 per sq.ft, a remarkable increase of 339%. In 2012, the value was recorded at Rs 3,000 per sq.ft, which was a decrease of 33% from the previous revision. The 2017 revision brought the value back up to Rs 2,010 per sq.ft, reflecting a 49% increase. The most recent revision in 2023 set the guideline value at Rs 3,000 per sq.ft, before it rose to Rs 3,300 per sq.ft in 2024, a 10% increase.

There are no figures available for the years not mentioned in the register for this street.

Guideline values in Moovarasampattu

In Moovarasampattu, there are 68 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which is the same as the guideline value for Amaravathi Street.

• Amman koil Street: Rs 3,300 per sq.ft (2024)
• Bajanai Koil 1st Street: Rs 2,200 per sq.ft (2024)
• Balaji Nagar Main: Rs 3,300 per sq.ft (2024)
• Balaya Nagar: Rs 3,300 per sq.ft (2024)
• Bharathiyar 1st Cross: Rs 3,300 per sq.ft (2024)
• Bharathiyar 2nd Cross: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Amaravathi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Amaravathi Street?

The Sub Registrar Office that covers Amaravathi Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Moovarasampattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. Buyers and sellers should be aware of the current guideline value to avoid disputes during the registration process.

Frequently asked questions

What is the current guideline value of Amaravathi Street?

The current guideline value of Amaravathi Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Amaravathi Street has changed from Rs 134 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 2363% over the years.

What is the land classification for Amaravathi Street?

Amaravathi Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for property in Amaravathi Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 2,97,000.

Where is the Sub Registrar Office for Amaravathi Street located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, which covers Amaravathi Street.