Guideline Value for Amirtha Garden Ph.III

Amirtha Garden Ph.III guideline value

The current guideline value for Amirtha Garden Ph.III is Rs 400 per sq.ft. This property is located in Vanchuvancheri village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Amirtha Garden Ph.III has changed

In the 2012 revision, the guideline value was set at Rs 400 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023. However, in the 2017 revision, the value had previously dropped to Rs 268 per sq.ft in 2017 from Rs 400 per sq.ft in 2012. The 2024 revision has again set the value at Rs 400 per sq.ft, showing no change from 2023.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 400 per sq.ft. Overall, from 2012 to 2024, the guideline value has remained at Rs 400 per sq.ft, indicating stability in this period. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vanchuvancheri

In Vanchuvancheri, there are 23 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 700 per sq.ft, with a median of Rs 400 per sq.ft. The guideline value for Amirtha Garden Ph.III is equal to this median.

• Amirtha Garden Ph.II-Blue Horizon: Rs 400 per sq.ft (2024)
• Amirtha Garden: Rs 400 per sq.ft (2024)
• Annai Nagar: Rs 500 per sq.ft (2024)
• Bajanai koil street: Rs 300 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Cement Road (Panchayat Road): Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Amirtha Garden Ph.III

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. 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 Amirtha Garden Ph.III?

The Sub Registrar Office that covers Amirtha Garden Ph.III 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 Vanchuvancheri

The guideline value is crucial when registering property transactions in Vanchuvancheri, as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for the transaction. The stamp duty is calculated based on this value or the sale price, whichever is higher, ensuring that the appropriate fees are collected by the authorities.

Frequently asked questions

What is the current guideline value for Amirtha Garden Ph.III?

The current guideline value for Amirtha Garden Ph.III is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 400 per sq.ft in the revisions of 2012, 2023, and 2024. It increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification for Amirtha Garden Ph.III?

The land classification for Amirtha Garden Ph.III is Residential Class I Type - I.

Where can I find the Sub Registrar Office for Amirtha Garden Ph.III?

The Sub Registrar Office for Amirtha Garden Ph.III is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Vanchuvancheri?

Stamp duty for properties in Vanchuvancheri is calculated based on the guideline value or the sale price, whichever is higher. It is typically charged at 7% of the guideline value.