Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Oragadam village under the Ambattur SRO, is Rs 1,400 per sq.ft, effective from 1 July 2024. This area falls under Residential Class III Type - I land classification.

How the guideline value of Amman Nagar has changed

The guideline value of Amman Nagar has undergone several revisions over the years. In 2002, the guideline value was Rs 69 per sq.ft. This increased to Rs 105 per sq.ft in 2003, marking a 52% rise. The value then saw a substantial increase to Rs 300 per sq.ft in 2007, which was a 186% change. The 2012 revision set the value at Rs 1,300 per sq.ft, showing a significant increase of 333% from 2007. However, in 2017, the guideline value decreased to Rs 871 per sq.ft, reflecting a decline of 33%. The 2023 revision brought the value back up to Rs 1,300 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,400 per sq.ft, an 8% increase from the previous year.

There are no figures available for the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1929%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Amman Nagar is below this median.

• Amman Street: Rs 1,400 per sq.ft (2024)
• Amuthan Nagar: Rs 1,100 per sq.ft (2024)
• Anandan Street (S.No.61, 62, 72,71): Rs 1,300 per sq.ft (2024)
• Ameen Nagar: Rs 1,600 per sq.ft (2024)
• Anandham Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Ambethkar Street (Vijayalakhmipuram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000. Together, the total cost for these fees would be Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Nagar?

The Sub Registrar Office that covers Amman Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a property is sold, the buyer and seller must consider the guideline value to calculate the applicable fees. This ensures transparency in transactions and helps in maintaining a standard for property valuations in the area.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 69 per sq.ft in 2002 to Rs 1,400 per sq.ft in 2024, marking an overall increase of 1929%.

What is the land classification of Amman Nagar?

Amman Nagar falls under Residential Class III Type - I land classification.

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

The Sub Registrar Office for Amman Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated in Amman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at a rate of 7%.