Guideline Value for Amirthananda Mayi street (maruthiram nagar)

Amirthananda Mayi street (maruthiram nagar) guideline value

The current guideline value of Amirthananda Mayi street (maruthiram nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Amirthananda Mayi street (maruthiram nagar) has changed

The guideline value for Amirthananda Mayi street (maruthiram nagar) has undergone several revisions over the years. In the 2007 revision, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a rise of 150%. However, in the 2017 revision, the value dropped to Rs 670 per sq.ft, reflecting a decrease of 33%. The value then rose to Rs 1,000 per sq.ft in the 2023 revision, and currently stands at Rs 1,100 per sq.ft following the 2024 revision, which is a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 175%. It is important to note that there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value of Amirthananda Mayi street (maruthiram nagar) at Rs 1,100 per sq.ft is below this median.

• Ambigai Nagar: Rs 1,300 per sq.ft (2024)
• Ambedkar Street: Rs 550 per sq.ft (2024)
• Ananoor Railway Station 1st Cross street (Santhosh nagar): Rs 880 per sq.ft (2024)
• Ambattur Co-op. Nagar: Rs 1,300 per sq.ft (2024)
• Andavar 1st cross street: Rs 1,700 per sq.ft (2024)
• Andavar Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Amirthananda Mayi street (maruthiram nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amirthananda Mayi street (maruthiram nagar)?

The Sub Registrar Office that covers Amirthananda Mayi street (maruthiram nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value serves as a reference for property transactions in Ayappakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it can affect the overall cost of the transaction. This value is updated periodically, and staying informed about these changes can help in making better decisions during property dealings.

Frequently asked questions

What is the current guideline value of Amirthananda Mayi street (maruthiram nagar)?

The current guideline value of Amirthananda Mayi street (maruthiram nagar) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 175% across the revisions.

What is the land classification for Amirthananda Mayi street (maruthiram nagar)?

Amirthananda Mayi street (maruthiram nagar) is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Amirthananda Mayi street (maruthiram nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.