Guideline Value for Amirtham Nagar

Amirtham Nagar guideline value

The current guideline value of Amirtham Nagar, located in Noombal village under the Kunrathur SRO, is Rs 2,090 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Amirtham Nagar has changed

The guideline value for Amirtham Nagar has seen significant changes over the years. In 2003, the value was Rs 74 per sq.ft, which then increased to Rs 1,273 per sq.ft in 2017, marking a substantial rise of 1620%. By 2023, the value reached Rs 1,900 per sq.ft, and the latest revision in 2024 set it at Rs 2,090 per sq.ft, reflecting a 10% increase from the previous year.

In total, from 2003 to 2024, the guideline value has increased by 2724%. The revisions for the years 2002, 2007, and 2012 do not have any recorded figures for this street.

Guideline values in Noombal

Noombal village has a total of 164 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,500 per sq.ft. The median value is Rs 2,090 per sq.ft, which is the same as the current guideline value for Amirtham Nagar.

• Ashok Nandavanam: Rs 2,090 per sq.ft (2024)
• Ashok Nandavanam II: Rs 2,090 per sq.ft (2024)
• Ashok Residency Main Road: Rs 2,090 per sq.ft (2024)
• Balaji Nagar: Rs 2,090 per sq.ft (2024)
• Balaji Nagar Main Road: Rs 2,090 per sq.ft (2024)
• Balamurugan Nagar: Rs 2,090 per sq.ft (2024)

Stamp duty and registration fee for property in Amirtham Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,090 per sq.ft, the total guideline value amounts to Rs 20,90,000. The stamp duty at 7% would be Rs 1,46,300, and the registration fee at 2% would be Rs 41,800, making the total cost Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Amirtham Nagar?

The Sub Registrar Office that covers Amirtham Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a critical factor when buying or selling property in Noombal, as it determines the stamp duty and registration fees applicable during the transaction. Buyers should be aware that the guideline value is set by the government and is subject to periodic revisions.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Amirtham Nagar?

The current guideline value of Amirtham Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2003?

Since 2003, the guideline value has increased from Rs 74 per sq.ft to Rs 2,090 per sq.ft in 2024, marking an overall increase of 2724%.

What are the stamp duty rates for property in Amirtham Nagar?

The stamp duty rate for property transactions in Amirtham Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How often does the guideline value get revised?

The guideline value is revised periodically, with the most recent revisions occurring in 2024, 2023, 2017, and 2003 for Amirtham Nagar.