Guideline Value for Ammaiappan Nagar

Ammaiappan Nagar guideline value

The current guideline value of Ammaiappan Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024. This area is located in Kathivakkam village under the Thiruvottiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Ammaiappan Nagar has changed

The guideline value for Ammaiappan Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2012, followed by a decrease to Rs 536 per sq.ft in 2017. The value then rose to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,001 per sq.ft in 2024. The register has no figure for this street in 2002 and 2003.

When looking at the changes between revisions, from 2007 to 2012, the guideline value increased by 167%. However, it then decreased by 33% from 2012 to 2017. The value saw a substantial increase of 87% from 2017 to 2023, and there was no change from 2023 to 2024.

Guideline values in Kathivakkam

Kathivakkam village has 47 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median value is Rs 1,001 per sq.ft, placing Ammaiappan Nagar's 2024 figure at the median.

• Amman Koil Lane: Rs 1,000 per sq.ft (2024)
• Anna Nagar/street/Cross: Rs 1,001 per sq.ft (2024)
• Badrakaliamman Koil: Rs 1,000 per sq.ft (2024)
• Bajanai Koil Street/Cross Street: Rs 1,001 per sq.ft (2024)
• Cauvery Nagar: Rs 1,100 per sq.ft (2024)
• Chinnakuppam: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ammaiappan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,001 per sq.ft, the total guideline value would be Rs 10,01,000. The stamp duty at 7% would amount to Rs 70,070, and the registration fee at 2% would be Rs 20,020, making the total cost Rs 90,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ammaiappan Nagar?

The Sub Registrar Office that covers Ammaiappan Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process for property transactions in Kathivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is referenced to calculate the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher amount between the guideline value and the sale price, ensuring transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Ammaiappan Nagar?

The current guideline value of Ammaiappan Nagar is Rs 1,001 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 300 per sq.ft in 2007 to Rs 1,001 per sq.ft in 2024, with various changes in between, including a decrease in 2017.

What is the median guideline value in Kathivakkam?

The median guideline value in Kathivakkam is Rs 1,001 per sq.ft, which is also the current guideline value for Ammaiappan Nagar.

What are the stamp duty and registration fees for a property in Ammaiappan Nagar?

For a property valued at Rs 10,01,000, the stamp duty would be Rs 70,070, and the registration fee would be Rs 20,020, totaling Rs 90,090.

Where is the Sub Registrar Office for Ammaiappan Nagar located?

The Sub Registrar Office for Ammaiappan Nagar is at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.