Guideline Value for Amman Nagar Main

Amman Nagar Main guideline value

The current guideline value of Amman Nagar Main 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 Main has changed

The guideline value for Amman Nagar Main has undergone several revisions over the years. Starting from Rs 199 per sq.ft in 2003, it increased significantly to Rs 1,000 per sq.ft in 2007, followed by a rise to Rs 2,500 per sq.ft in 2012. However, it decreased to Rs 1,675 per sq.ft in 2017 before climbing to Rs 2,500 per sq.ft again in 2023. The latest revision in 2024 has set the value at Rs 2,800 per sq.ft.

Between these revisions, there have been notable changes. From 2003 to 2007, the guideline value increased by 403%. It then surged by 150% from 2007 to 2012, before experiencing a decline of 33% from 2012 to 2017. The value rose by 49% from 2017 to 2023, and finally, there was a 12% increase from 2023 to 2024. The overall change from 2003 to 2024 is an increase of 1307%. The register has no figure for the year 2002 for this street.

Guideline values in Ullagaram

In Ullagaram, there are 298 streets under the Alandur SRO that carry a 2024 guideline value, 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 Main.

• Amman Nagar 1st Street: 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 Main

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, bringing the total charges to Rs 2,52,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Nagar Main?

The Sub Registrar Office that covers Amman Nagar Main 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 plays a crucial role during the registration of property transactions in Ullagaram. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the buyer needs to pay stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amman Nagar Main?

The current guideline value of Amman Nagar Main 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 199 per sq.ft in 2003 to Rs 2,800 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Amman Nagar Main?

Amman Nagar Main is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Amman Nagar Main?

The Alandur Sub Registrar Office covers Amman Nagar Main and is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Ullagaram?

Stamp duty is calculated based on the higher amount between the guideline value and the sale price of the property. This ensures that the correct amount is collected during the registration process.