Guideline Value for Ammaiyappar Nagar

Ammaiyappar Nagar guideline value

The current guideline value of Ammaiyappar Nagar is Rs 1,322 per sq.ft, effective from 1 July 2024. This locality is situated in Melamaiyur village and falls under the Chengleput Joint I SRO. The land classification for this area is Mixed Special Type - II.

How the guideline value of Ammaiyappar Nagar has changed

The guideline value for Ammaiyappar Nagar has undergone several revisions over the years. In 2007, the value was Rs 340 per sq.ft, which saw a significant increase to Rs 1,500 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,005 per sq.ft in 2017. The 2023 revision set the value at Rs 1,200 per sq.ft, and the most recent revision in 2024 increased it to Rs 1,322 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Examining the changes, from 2007 to 2012, there was a remarkable increase of 341%. However, from 2012 to 2017, the value decreased by 33%. The period from 2017 to 2023 saw a rise of 19%, followed by a 10% increase from 2023 to 2024. Overall, the guideline value has increased by 289% from 2007 to 2024.

Guideline values in Melamaiyur

In Melamaiyur, there are 37 streets under the Chengleput Joint I SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 1,212 per sq.ft, making the guideline value of Ammaiyappar Nagar above this median.

• Andal Nagar: Rs 1,212 per sq.ft (2024)
• Akshaya Nagar: Rs 1,322 per sq.ft (2024)
• ANNAI PADMAVATHY NAGAR Phase -I,II,III,IV&Extension: Rs 1,212 per sq.ft (2024)
• Aasiriyar nagar: Rs 1,100 per sq.ft (2024)
• Arutperum Jyothi Nagar: Rs 825 per sq.ft (2024)
• Bhavani Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ammaiyappar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,322 per sq.ft, the total guideline value would be Rs 13,22,000. The stamp duty at 7% would amount to Rs 92,540, while the registration fee at 2% would be Rs 26,440. Together, the total cost for stamp duty and registration would be Rs 1,18,980. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ammaiyappar Nagar?

The Sub Registrar Office that covers Ammaiyappar Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002., Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Melamaiyur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that the transaction is in line with government regulations.

When a buyer approaches the registration office, the guideline value is referenced to ascertain the applicable fees. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ammaiyappar Nagar?

The current guideline value of Ammaiyappar Nagar is Rs 1,322 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 340 per sq.ft in 2007 to Rs 1,322 per sq.ft in 2024, reflecting an overall increase of 289% over the years.

What is the land classification for Ammaiyappar Nagar?

The land classification for Ammaiyappar Nagar is Mixed Special Type - II, indicating the type of development allowed in the area.

Where is the Chengleput Joint I Sub Registrar Office located?

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

How is stamp duty calculated for properties in Ammaiyappar Nagar?

Stamp duty for properties in Ammaiyappar Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 13,22,000, the stamp duty would be Rs 92,540.