Guideline Value for Ameethiya Thottam 2nd Street

Ameethiya Thottam 2nd Street guideline value

The current guideline value of Ameethiya Thottam 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ameethiya Thottam 2nd Street has changed

The guideline value for Ameethiya Thottam 2nd Street has undergone several revisions since 2002. The earliest recorded figure is Rs 268 per sq.ft in 2002, which increased to Rs 293 per sq.ft in 2003. Following this, the value rose significantly to Rs 550 per sq.ft in 2007, before experiencing a substantial increase to Rs 3,000 per sq.ft in 2012. However, this figure decreased to Rs 2,010 per sq.ft in 2017, before climbing to Rs 3,000 per sq.ft in 2023. The current revision for 2024 shows a further increase to Rs 3,300 per sq.ft.

Between the revisions, the most notable changes include a 445% increase from 2007 to 2012, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The overall change from 2002 to 2024 reflects an increase of 1,131%. There are no figures for any other years in the register for this street.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, indicating that Ameethiya Thottam 2nd Street's 2024 figure is below this median.

• Ameethiya Thottam 1st Street: Rs 3,300 per sq.ft (2024)
• Ambethkar Street: Rs 3,300 per sq.ft (2024)
• Ambethkar Colony (Gunamanam Colony): Rs 3,300 per sq.ft (2024)
• Amman Koil Street: Rs 5,500 per sq.ft (2024)
• Adisan Colony: Rs 4,400 per sq.ft (2024)
• Adimoola Perumal Street (Adikesavaperumal Koil Street): Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ameethiya Thottam 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, resulting in a total of Rs 2,97,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Ameethiya Thottam 2nd Street?

The Sub Registrar Office that covers Ameethiya Thottam 2nd Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for additional details.

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

The guideline value is a crucial factor during property registration in Saligramam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. This value is set by the government and is periodically revised to reflect changes in the real estate market.

When buying or selling property, it is essential to be aware of the current guideline value, as it ensures that the transaction is compliant with legal requirements. This value helps in assessing the fair amount of duty that must be paid to the government during the registration process.

Frequently asked questions

What is the current guideline value of Ameethiya Thottam 2nd Street?

The current guideline value of Ameethiya Thottam 2nd Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 268 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1,131% over this period.

What is the land classification for Ameethiya Thottam 2nd Street?

Ameethiya Thottam 2nd Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Where is the Sub Registrar Office located for this street?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.