Guideline Value for Ameen Nagar

Ameen Nagar guideline value

The current guideline value of Ameen Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024. Ameen Nagar is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ameen Nagar has changed

The guideline value for Ameen Nagar has seen several revisions over the years. In 2002, the value was Rs 166 per sq.ft, which increased to Rs 179 per sq.ft in 2003. Following this, the value rose significantly to Rs 500 per sq.ft in 2007, marking an increase of 179%. The 2012 revision saw a value of Rs 1,500 per sq.ft, which was a decrease of 33% from the previous revision. In 2017, the value increased again to Rs 1,005 per sq.ft. The most recent revision in 2023 set the value at Rs 1,500 per sq.ft, followed by the current value of Rs 1,600 per sq.ft in 2024, reflecting a 7% increase.

Overall, from 2002 to 2024, the guideline value has increased by 864%. The register has no figures for the years not mentioned in this summary.

Guideline values in Oragadam

In Oragadam village, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Ameen Nagar's 2024 guideline value is below this median.

• Ambethkar Street (Vijayalakhmipuram): Rs 2,400 per sq.ft (2024)
• Ambethkar Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)
• Ambedkar Street(S.No.69): Rs 1,300 per sq.ft (2024)
• Amman Nagar: Rs 1,400 per sq.ft (2024)
• Amman Street: Rs 1,400 per sq.ft (2024)
• Amuthan Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ameen Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. 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 Ameen Nagar?

The Sub Registrar Office that covers Ameen Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Oragadam. It is used to determine the stamp duty and registration fees applicable to the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ameen Nagar?

The current guideline value of Ameen Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 166 per sq.ft in 2002 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 864% over this period.

What is the land classification of Ameen Nagar?

Ameen Nagar is classified as Residential Class II Type - I, according to the local regulations.

Where can I find the Sub Registrar Office for Ameen Nagar?

The Sub Registrar Office for Ameen Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Ameen Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 16,00,000, the stamp duty at 7% would be Rs 1,12,000.