Guideline Value for Amavasai Pattai

Amavasai Pattai guideline value

The current guideline value of Amavasai Pattai is Rs 450 per sq.ft, effective from 1 July 2024. This street is located in Molachoor village under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of Amavasai Pattai has changed

Over the years, the guideline value of Amavasai Pattai has seen several revisions. The 2012 revision set the value at Rs 450 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision recorded a lower value of Rs 301 per sq.ft, reflecting a decrease of 33% from the previous revision. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 50%, bringing the value back to Rs 450 per sq.ft. Overall, from the 2012 revision to the current 2024 revision, the guideline value has remained stable with no percentage change.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 300 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, positioning Amavasai Pattai's 2024 figure below this median.

• Alphonse Avenue: Rs 605 per sq.ft (2024)
• A.J Nagar: Rs 600 per sq.ft (2024)
• A.J Garden: Rs 600 per sq.ft (2024)
• Anandam Kabaleeswarar Co-Operative Nagar: Rs 600 per sq.ft (2024)
• Angalamman Kovil Street: Rs 600 per sq.ft (2024)
• AngalaParameshwari Street: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Amavasai Pattai

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value would be Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, totaling Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amavasai Pattai?

The Sub Registrar Office covering Amavasai Pattai is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Molachoor. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a benchmark for both parties. It helps in assessing the fair value of the property and ensures transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Amavasai Pattai?

The current guideline value of Amavasai Pattai is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 450 per sq.ft since the 2012 revision, with a decrease to Rs 301 per sq.ft in 2017 before returning to Rs 450 per sq.ft in 2023. There are no figures available for the years 2002, 2003, and 2007.

What is the median guideline value for streets in Molachoor?

The median guideline value for the 112 streets in Molachoor under the Sunguvarchattram SRO is Rs 600 per sq.ft, with Amavasai Pattai's value being below this median.

How are stamp duty and registration fees calculated in Amavasai Pattai?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. The total fees are based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Amavasai Pattai?

The Sub Registrar Office for Amavasai Pattai is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.