Guideline Value for Amman Nagar Extn I and II

Amman Nagar Extn I and II guideline value

The current guideline value for Amman Nagar Extn I and II is Rs 720 per sq.ft, effective from 1 July 2024. This area is located in Serapanancheri village and falls under the Padappai Sub Registrar Office (SRO). The land classification for this location is Residential Class I Type - I.

How the guideline value of Amman Nagar Extn I and II has changed

Over the years, the guideline value for Amman Nagar Extn I and II has seen several revisions. The 2012 revision set the value at Rs 650 per sq.ft, which was then reduced to Rs 435 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 650 per sq.ft in the 2023 revision, and finally, it rose to Rs 720 per sq.ft in the 2024 revision. The revisions for the years 2002, 2003, and 2007 have no figures available for this street.

In terms of percentage changes, the guideline value increased by 11% from 2023 to 2024. The jump from 2017 to 2023 was a notable 49% rise. However, there was a decrease of 33% from the 2012 revision to the 2017 revision. Overall, from 2012 to 2024, the guideline value has increased by 11%.

Guideline values in Serapanancheri

In Serapanancheri, there are 53 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,440 per sq.ft. The median value for these streets is Rs 720 per sq.ft, making the guideline value for Amman Nagar Extn I and II equal to this median.

• Amman Nagar: Rs 720 per sq.ft (2024)
• Annai Avenue: Rs 720 per sq.ft (2024)
• Anna Nagar: Rs 990 per sq.ft (2024)
• Anna Nagar S.Nos.108/1b, 111/8b, 111/2, 111/3: Rs 990 per sq.ft (2024)
• Balaji Nagar: Rs 720 per sq.ft (2024)
• Cresent Enclave: Rs 4,440 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar Extn I and II

For a 1,000 sq.ft plot at the current guideline value of Rs 720 per sq.ft, the total guideline value amounts to Rs 7,20,000. The stamp duty at 7% would be Rs 50,400, and the registration fee at 2% would be Rs 14,400, bringing the total fees together to Rs 64,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Nagar Extn I and II?

The Amman Nagar Extn I and II area is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a reference point used during the registration of property transactions in Serapanancheri. It helps determine the stamp duty and registration fees payable when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is in accordance with the established rates. This value plays a crucial role in calculating the financial obligations of both buyers and sellers during the property transfer process.

Frequently asked questions

What is the current guideline value for Amman Nagar Extn I and II?

The current guideline value for Amman Nagar Extn I and II is Rs 720 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 650 per sq.ft in 2012 to Rs 435 per sq.ft in 2017, then to Rs 650 per sq.ft in 2023, and finally to Rs 720 per sq.ft in 2024.

Which Sub Registrar Office covers this area?

The Padappai Sub Registrar Office covers Amman Nagar Extn I and II, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 7,20,000, the stamp duty would be Rs 50,400, and the registration fee would be Rs 14,400, totaling Rs 64,800.

What is the land classification for Amman Nagar Extn I and II?

The land classification for Amman Nagar Extn I and II is Residential Class I Type - I.