Guideline Value for Amman Nagar 4th Street

Amman Nagar 4th Street guideline value

The current guideline value of Amman Nagar 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO, classified as Residential Class I Type - III.

How the guideline value of Amman Nagar 4th Street has changed

In the 2017 revision, the guideline value was Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 saw the value further increase to Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register does not contain figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, which is equal to the 2024 figure for Amman Nagar 4th Street.

• Amman Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
• Amman Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Amman Nagar Vallalar Street: Rs 2,750 per sq.ft (2024)
• Amman Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Amman Nagar: Rs 2,750 per sq.ft (2024)
• Anadal Nagar Extension, Saraswathi Nagar: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Amman Nagar 4th Street?

The Sub Registrar Office that covers Amman Nagar 4th Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value is an essential factor during the registration of property transactions in Madipakkam-1. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is crucial for both buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value for Amman Nagar 4th Street?

The current guideline value for Amman Nagar 4th Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,675 per sq.ft to Rs 2,750 per sq.ft in 2024, marking an overall increase of 64% over the seven-year period.

What is the stamp duty for property in Amman Nagar 4th Street?

The stamp duty for property in Amman Nagar 4th Street is 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 1,92,500.

Which Sub Registrar Office covers this area?

The Velacheri Sub Registrar Office covers Amman Nagar 4th Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

Where can I find more information about guideline values?

For more information about guideline values, you can refer to the Registration Department's guideline value register (TNReginet) or visit the relevant links provided for other streets in Madipakkam-1.