Guideline Value for Amirthavalli Thottam

Amirthavalli Thottam guideline value

The current guideline value of Amirthavalli Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Amirthavalli Thottam has changed

The guideline value for Amirthavalli Thottam has seen changes over the years, with the most recent revision in 2024 setting it at Rs 1,700 per sq.ft, up from Rs 1,500 per sq.ft in 2023. This represents a 13% increase from the previous year. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value was Rs 1,500 per sq.ft in 2023 and has increased to Rs 1,700 per sq.ft in 2024. The revisions prior to 2023 do not have any recorded figures for Amirthavalli Thottam.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with guideline values ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Amirthavalli Thottam's 2024 figure below this median.

• Amman Koil Street: Rs 1,700 per sq.ft (2024)
• Ambedkar Street(Panayur): Rs 2,200 per sq.ft (2024)
• Anandham Nagar: Rs 2,200 per sq.ft (2024)
• Ambedkar 6th Cross Street (O.M.R.): Rs 2,200 per sq.ft (2024)
• Ambedkar 5th Cross Street (O.M.R.): Rs 2,200 per sq.ft (2024)
• Ambedkar 4th Cross Street (O.M.R.): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Amirthavalli Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost for these fees to Rs 1,53,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amirthavalli Thottam?

The Amirthavalli Thottam area falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in property transactions in Sholinganallur - 1, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

At the time of registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amirthavalli Thottam?

The current guideline value of Amirthavalli Thottam is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,500 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024, marking a 13% increase. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Amirthavalli Thottam?

Amirthavalli Thottam is classified as Residential Class IV Type - I, indicating its suitability for residential purposes.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000.