Guideline Value for Amma Nagar

Amma Nagar guideline value

The current guideline value of Amma Nagar, located in Vedanareyanapuram village, is Rs 500 per sq.ft. This value is effective from the 2024 revision, which falls under the Chengleput Joint I SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Amma Nagar has changed

In the 2012 revision, the guideline value was set at Rs 500 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 335 per sq.ft, marking a decline of 33%. However, from 2017 to the 2023 revision, the value increased significantly by 49%, bringing it back to Rs 500 per sq.ft. The 2024 revision has maintained this value, showing no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available for reference are from 2012, 2017, 2023, and 2024, with the current figure being Rs 500 per sq.ft.

Guideline values in Vedanareyanapuram

In Vedanareyanapuram, there are 31 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 2,050 per sq.ft. The median value for these streets is Rs 600 per sq.ft, indicating that Amma Nagar's 2024 figure is below this median.

• Balaji Nagar: Rs 600 per sq.ft (2024)
• Barathi Nagar: Rs 900 per sq.ft (2024)
• Gopal Nagar: Rs 600 per sq.ft (2024)
• Gopal Nagar Ext: Rs 600 per sq.ft (2024)
• Mgr Nagar: Rs 501 per sq.ft (2024)
• Perumal Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Amma Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Amma Nagar?

The Amma Nagar area is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Vedanareyanapuram. 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.

When buying or selling property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, which are mandatory for legal documentation and transfer of ownership.

Frequently asked questions

What is the current guideline value of Amma Nagar?

The current guideline value of Amma Nagar is Rs 500 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has seen fluctuations, with a decrease to Rs 335 per sq.ft in 2017, followed by a return to Rs 500 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is 0%.

What is the land classification for Amma Nagar?

Amma Nagar is classified as Residential Special Type - II, which influences its guideline value and potential uses.

Where can I find the Chengleput Joint I SRO?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated in Amma Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 5,00,000, the stamp duty would be Rs 35,000 at 7%.