Guideline Value for Amman Nagar 1st Street

Amman Nagar 1st Street guideline value

The current guideline value of Amman Nagar 1st Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ullagaram village under the Alandur SRO, classified as Residential Class II Type - I.

How the guideline value of Amman Nagar 1st Street has changed

The guideline value for Amman Nagar 1st Street has seen several revisions over the years. Starting from Rs 177 per sq.ft in 2002, it increased significantly to Rs 199 per sq.ft in 2003, marking a 12% rise. The value then surged to Rs 1,000 per sq.ft in 2007, reflecting a substantial increase of 403%. In 2012, the figure was Rs 2,500 per sq.ft, which was a 150% increase from the previous revision. However, it decreased by 33% to Rs 1,675 per sq.ft in 2017.

From 2017 to 2023, the guideline value rose to Rs 2,500 per sq.ft, a notable increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,800 per sq.ft, which is a 12% increase from the previous year. There are no figures available for the years not listed in the register for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO, with 2024 guideline values ranging from Rs 1,700 to Rs 5,500 per sq.ft. The median value is Rs 2,800 per sq.ft, which is equal to the guideline value of Amman Nagar 1st Street.

• Amman Nagar Main: Rs 2,800 per sq.ft (2024)
• Ambethkar Street: Rs 2,200 per sq.ft (2024)
• Ambethkar Cross Street: Rs 2,200 per sq.ft (2024)
• Alex Street: Rs 2,200 per sq.ft (2024)
• Annamalai Street: Rs 2,800 per sq.ft (2024)
• Abraham street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total cost Rs 2,52,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Nagar 1st Street?

The Sub Registrar Office that covers Amman Nagar 1st Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions within the Ullagaram area.

Frequently asked questions

What is the current guideline value of Amman Nagar 1st Street?

The current guideline value of Amman Nagar 1st Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 177 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, representing an overall increase of 1482% over the years.

What is the land classification for Amman Nagar 1st Street?

Amman Nagar 1st Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Amman Nagar 1st Street?

The Sub Registrar Office for Amman Nagar 1st Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Amman Nagar 1st Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000.