Guideline Value for Amaresan Nagar 2nd Street

Amaresan Nagar 2nd Street guideline value

The current guideline value of Amaresan Nagar 2nd Street is Rs 1,980 per sq.ft. This street is located in Anakaputhur village, under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Amaresan Nagar 2nd Street has changed

The guideline value for Amaresan Nagar 2nd Street has seen several revisions over the years. The oldest recorded figure is from the 2017 revision at Rs 1,206 per sq.ft. This increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

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 across these streets is Rs 1,980 per sq.ft, which is the same as the guideline value for Amaresan Nagar 2nd Street.

• Amaresan Nagar 1st 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 2nd Street

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, bringing the total to 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.

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

Which Sub Registrar Office covers Amaresan Nagar 2nd Street?

The Sub Registrar Office that covers Amaresan Nagar 2nd 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 a crucial factor during the registration of property transactions in Anakaputhur. It serves as a benchmark for determining the minimum value of a property, ensuring that the transaction is recorded at a fair price.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Amaresan Nagar 2nd Street?

The current guideline value of Amaresan Nagar 2nd Street is Rs 1,980 per sq.ft as per the 2024 revision.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty rates applicable?

The stamp duty for property transactions in this area is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Pammal Sub Registrar Office?

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

How is the guideline value determined?

The guideline value is determined by the Registration Department and is revised periodically based on various factors, ensuring that it reflects the current market conditions.