Guideline Value for Amirtharaj Nagar

Amirtharaj Nagar guideline value

The current guideline value of Amirtharaj Nagar is Rs 200 per sq.ft, effective from 1 July 2024. This locality is situated in Somangalam village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Amirtharaj Nagar has changed

Over the years, the guideline value of Amirtharaj Nagar has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The 2017 revision marked a significant increase to Rs 134 per sq.ft, reflecting a change of +49% from the previous revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2012 to 2024, it has remained stable at Rs 200 per sq.ft. The current 2024 guideline value shows no change from the previous year, maintaining the rate at Rs 200 per sq.ft.

Guideline values in Somangalam

In Somangalam, there are 86 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets stands at Rs 350 per sq.ft, placing Amirtharaj Nagar's 2024 figure below this median.

• Alwins Green Park: Rs 500 per sq.ft (2024)
• Annai Nagar: Rs 150 per sq.ft (2024)
• Annai Nagar Annex: Rs 150 per sq.ft (2024)
• Ags Nagar: Rs 800 per sq.ft (2024)
• Anna Nagar: Rs 250 per sq.ft (2024)
• Aadhira: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Amirtharaj Nagar

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty is charged at 7%, totaling Rs 14,000, while the registration fee is 2%, amounting to Rs 4,000. Therefore, the total cost for stamp duty and registration fees would be Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Amirtharaj Nagar?

The Sub Registrar Office that covers Amirtharaj Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property registration in Somangalam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is considered alongside the sale price. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Amirtharaj Nagar?

The current guideline value of Amirtharaj Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a notable increase from Rs 134 per sq.ft in 2017. There are no figures available for the years 2002, 2003, and 2007.

What are the other streets in Somangalam with guideline values?

Other streets in Somangalam include Alwins Green Park at Rs 500 per sq.ft, Annai Nagar and Annai Nagar Annex at Rs 150 per sq.ft, Ags Nagar at Rs 800 per sq.ft, Anna Nagar at Rs 250 per sq.ft, and Aadhira at Rs 800 per sq.ft.

How is stamp duty calculated for properties in Amirtharaj Nagar?

Stamp duty for properties in Amirtharaj Nagar is calculated at 7% of the guideline value or sale price, whichever is higher. For example, a property with a guideline value of Rs 2,00,000 would incur a stamp duty of Rs 14,000.

Where can I find the Sub Registrar Office for Amirtharaj Nagar?

The Sub Registrar Office for Amirtharaj Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.