Guideline Value for American NRI City

American NRI City guideline value

The current guideline value of American NRI City is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class II Type - I.

How the guideline value of American NRI City has changed

According to the guideline value register, the revisions for American NRI City began with Rs 670 per sq.ft in 2017. The value remained unchanged at Rs 1,000 per sq.ft for the subsequent revisions in 2023 and 2024. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value saw an increase of 49%, remaining stable from 2023 to 2024 with a 0% change. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Sriperumbudur A

In Sriperumbudur A, a total of 238 streets are registered under the Sriperumpudur SRO, with 2024 guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, positioning American NRI City's 2024 figure above this median.

• Amman Avenue: Rs 1,200 per sq.ft (2024)
• Ammbal Nagar: Rs 700 per sq.ft (2024)
• A L S Nagar: Rs 700 per sq.ft (2024)
• Annai Avenue: Rs 700 per sq.ft (2024)
• Alamel Avenue: Rs 800 per sq.ft (2024)
• Annai Indra Ganthi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in American NRI City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers American NRI City?

The Sub Registrar Office covering American NRI City is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Sriperumbudur A. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of American NRI City?

The current guideline value of American NRI City is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023 and 2024, reflecting a 49% increase overall from 2017 to 2024.

What are the guideline values of other streets in Sriperumbudur A?

Other streets in Sriperumbudur A have varying guideline values, ranging from Rs 400 to Rs 3,000 per sq.ft, with a median of Rs 700 per sq.ft. American NRI City's value is above this median.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, a 1,000 sq.ft plot would incur a total of Rs 90,000 in fees based on the current guideline value.

Where can I find the Sub Registrar Office for American NRI City?

The Sub Registrar Office for American NRI City is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information through the provided link.