Guideline Value for Amman Avenue

Amman Avenue guideline value

The current guideline value of Amman Avenue in Kattupakkam village is Rs 500 per sq.ft, effective from 1 July 2024. This street falls under the Gooduvancheri SRO and is classified as Residential Special Type - I.

How the guideline value of Amman Avenue has changed

Over the years, the guideline value for Amman Avenue has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged in the 2017 revision. However, in the 2017 revision, the value had increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in 2012, showcasing a significant increase of 49%. The 2023 revision also maintained the value at Rs 500 per sq.ft, indicating no change from the previous year. The 2024 revision continues this trend, with a guideline value of Rs 500 per sq.ft, reflecting a 0% change from 2023.

It is important to note that the register has no figures for Amman Avenue for the years 2002, 2003, and 2007. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained constant at Rs 500 per sq.ft.

Guideline values in Kattupakkam

In Kattupakkam, there are 27 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 1,500 per sq.ft. The median value is Rs 500 per sq.ft, which aligns with the 2024 figure for Amman Avenue.

• Abdul Kalam Nagar Anneux-I: Rs 400 per sq.ft (2024)
• Arulmigu Mupathamman Nagar: Rs 450 per sq.ft (2024)
• Dalmia Nagar: Rs 500 per sq.ft (2024)
• Dr.Abdul Kalam Nagar: Rs 400 per sq.ft (2024)
• Ishwarya Avenue: Rs 500 per sq.ft (2024)
• Ishwarya Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Avenue

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, resulting in a total of Rs 45,000. 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 Amman Avenue?

The Sub Registrar Office that covers Amman Avenue 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 information.

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

The guideline value plays a crucial role in property transactions in Kattupakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value for taxation purposes. Buyers and sellers must consider this value when negotiating property prices, as it impacts the overall cost of registration.

When registering a property, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Amman Avenue?

The current guideline value of Amman Avenue is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has remained at Rs 500 per sq.ft, with notable increases in the 2017 revision from Rs 335 per sq.ft and maintaining the same value in the subsequent revisions.

What is the land classification for Amman Avenue?

Amman Avenue is classified as Residential Special Type - I under the guideline value register.

Where is the Gooduvancheri Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Amman Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 5,00,000 would incur a stamp duty of Rs 35,000.