Guideline Value for Amma Nagar

Amma Nagar guideline value

The current guideline value of Amma Nagar, located in Madambakkam village under the Gooduvancheri SRO, is Rs 1,200 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Special Type - I.

How the guideline value of Amma Nagar has changed

The guideline value for Amma Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 300 per sq.ft, which then increased significantly to Rs 1,200 per sq.ft in the 2012 revision. However, this value decreased to Rs 804 per sq.ft in the 2017 revision. The 2023 revision maintained the value at Rs 1,200 per sq.ft, and this remains unchanged in the 2024 revision, indicating a 0% change from 2023 to 2024.

From 2017 to 2023, the value increased by 49%. The overall change from the 2007 revision to the 2024 revision shows a substantial increase of 300%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, placing Amma Nagar's 2024 figure at the median level.

• Ammakannu Nagar: Rs 1,200 per sq.ft (2024)
• Ambujam Nagar: Rs 1,200 per sq.ft (2024)
• Ambethkar Nagar: Rs 1,200 per sq.ft (2024)
• Akchaya Nagar: Rs 1,200 per sq.ft (2024)
• Anthony Pillai Nagar: Rs 1,200 per sq.ft (2024)
• Anthony Pillai Nagar Extn-I,II,III,IV,V,VI: Rs 1,200 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 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total cost to Rs 1,08,000. 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 fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amma Nagar?

The Sub Registrar Office that covers Amma Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration of property transactions in Madambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is considered for calculating the stamp duty and registration fees, ensuring compliance with legal requirements during the transaction process.

Frequently asked questions

What is the current guideline value of Amma Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions showing a 0% change from 2023 to 2024, while there was a 49% increase from 2017 to 2023.

What is the land classification for Amma Nagar?

The land classification for Amma Nagar is Commercial Special Type - I, indicating its intended use for commercial activities.

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

The Sub Registrar Office covering Amma Nagar is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for property in Amma Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at a rate of 7%.