Guideline Value for Amman Avenue

Amman Avenue guideline value

The current guideline value of Amman Avenue is Rs 1,200 per sq.ft, effective from 1 July 2024. This street is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Amman Avenue has changed

The guideline value for Amman Avenue has remained consistent at Rs 1,200 per sq.ft since the 2023 revision, which also recorded the same value. Prior to that, in the 2017 revision, the value was Rs 804 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 49%, reflecting the same rate from 2023 to 2024, which saw no change.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Amman Avenue is above this median.

• American NRI City: Rs 1,000 per sq.ft (2024)
• Ammbal Nagar: Rs 700 per sq.ft (2024)
• A L S Nagar: Rs 700 per sq.ft (2024)
• Annai Avenue: Rs 700 per sq.ft (2024)
• Annai Indra Ganthi Nagar: Rs 400 per sq.ft (2024)
• Annai Indra Royal city: Rs 1,000 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 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 fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Amman Avenue?

The Sub Registrar Office that covers Amman Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Sriperumbudur A. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property.

When you register a property, the guideline value is assessed to ensure that the appropriate fees are collected. This value serves as a benchmark for the transaction, ensuring transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Amman Avenue?

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

How has the guideline value changed over the years?

The guideline value of Amman Avenue has remained at Rs 1,200 per sq.ft since 2023, with a previous value of Rs 804 per sq.ft in 2017. There were no figures available for the years 2002, 2003, 2007, and 2012.

What is the land classification for Amman Avenue?

Amman Avenue is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for property in Amman Avenue?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Amman Avenue located?

The Sub Registrar Office for Amman Avenue is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.