Guideline Value for Amaresan Nagar 1st Street

Amaresan Nagar 1st Street guideline value

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

How the guideline value of Amaresan Nagar 1st Street has changed

The guideline value for Amaresan Nagar 1st Street has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value is Rs 1,980 per sq.ft, which is equal to the guideline value of Amaresan Nagar 1st Street.

• Amaresan Nagar 2nd Street: Rs 1,980 per sq.ft (2024)
• Amaresan Nagar 3rd Street: Rs 1,980 per sq.ft (2024)
• Amarasan Nagar: 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 Amaresan Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, resulting in a total cost of Rs 1,78,200. It is essential to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amaresan Nagar 1st Street?

The Sub Registrar Office that covers Amaresan Nagar 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 is an essential factor when registering property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees, ensuring that these fees are calculated based on a standardized value set by the government.

When you buy or sell property, the guideline value helps in establishing a fair basis for taxation, thereby facilitating a smoother registration process. It is crucial for buyers and sellers to be aware of these values to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Amaresan Nagar 1st Street?

The current guideline value of Amaresan Nagar 1st Street 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 increased from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This reflects an overall increase of 64% from 2017 to 2024.

What is the stamp duty for property in Amaresan Nagar 1st Street?

The stamp duty for property in Amaresan Nagar 1st Street is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600.

Where is the Sub Registrar Office for Amaresan Nagar 1st Street?

The Sub Registrar Office covering Amaresan Nagar 1st Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

What is the land classification for Amaresan Nagar 1st Street?

Amaresan Nagar 1st Street is classified as Residential Class I Type - I, indicating its suitability for residential development.