Guideline Value for Amaravathy kuppam

Amaravathy kuppam guideline value

The current guideline value of Amaravathy kuppam is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Tondaiarpet village and falls under the Royapuram SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Amaravathy kuppam has changed

The guideline value for Amaravathy kuppam has seen several revisions over the years. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, it then decreased to Rs 804 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft from the 2024 revision.

Between the revisions, the changes were notable. The increase from 2017 to 2023 was +49%, while the change from 2012 to 2017 was a decrease of -33%. The value doubled from Rs 600 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, marking a +100% change. Overall, from 2007 to 2024, the guideline value has increased by +117%.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for the village is Rs 1,600 per sq.ft, placing Amaravathy kuppam's current value below that median.

• Amaravathypuram (North): Rs 1,300 per sq.ft (2024)
• Altis Ville L.L.p: Rs 6,000 per sq.ft (2024)
• Anandanayagi Nagar 1st Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 2ndStreet: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 3rd Cross Street: Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 3rd Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Amaravathy kuppam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. 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 details.

Which Sub Registrar Office covers Amaravathy kuppam?

The Sub Registrar Office that covers Amaravathy kuppam is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Tondaiarpet. It is used to determine the stamp duty and registration fees, which are mandatory expenses in any property transaction.

When registering a property, the guideline value is referenced to ensure that the correct fees are applied. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Amaravathy kuppam?

The current guideline value of Amaravathy kuppam is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of +117% over this period.

What is the land classification for Amaravathy kuppam?

Amaravathy kuppam is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Amaravathy kuppam?

The Sub Registrar Office for Amaravathy kuppam is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Amaravathy kuppam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 at a rate of 7%.