Guideline Value for Amirtha Garden

Amirtha Garden guideline value

The current guideline value of Amirtha Garden in Vanchuvancheri village is Rs 400 per sq.ft, as per the 2024 revision effective from 1 July 2024. This property falls under the Sriperumpudur SRO and is classified as Residential Class I Type - I.

How the guideline value of Amirtha Garden has changed

The guideline value of Amirtha Garden has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2023 revision. However, the earlier 2017 revision recorded a lower value of Rs 268 per sq.ft, marking a 49% increase by the 2023 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%, but overall, from 2012 to 2024, it has remained stable at Rs 400 per sq.ft. The 2024 revision reflects no change from the previous year, maintaining the value at Rs 400 per sq.ft.

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. The median value for these streets is Rs 400 per sq.ft, which is equal to the guideline value of Amirtha Garden.

• Amirtha Garden Ph.II-Blue Horizon: Rs 400 per sq.ft (2024)
• Amirtha Garden Ph.III: 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

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

The Sub Registrar Office that covers Amirtha Garden 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 plays a crucial role in the registration process when buying or selling property in Vanchuvancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Amirtha Garden?

The current guideline value of Amirtha Garden 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 stable at Rs 400 per sq.ft since the 2012 revision, with a significant increase of 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification for Amirtha Garden?

Amirtha Garden is classified as Residential Class I Type - I.

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

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

How is the stamp duty calculated for properties in Amirtha Garden?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 at a rate of 7%.