Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Baraniputjur village under the Kunrathur SRO, is Rs 1,450 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - I.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has seen several revisions over the years. In 2007, the guideline value was set at Rs 250 per sq.ft. This amount increased significantly to Rs 1,300 per sq.ft in 2012, marking a rise of 420%. However, in 2017, the value decreased to Rs 872 per sq.ft, which was a reduction of 33%. The trend reversed again in 2023, with the guideline value reaching Rs 1,302 per sq.ft, reflecting a 49% increase from the previous revision. The most recent revision in 2024 has set the guideline value at Rs 1,450 per sq.ft, an increase of 11% from 2023.

It is important to note that there are no recorded figures for Amman Nagar in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 480%.

Guideline values in Baraniputjur

In Baraniputjur, there are 39 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 700 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 1,210 per sq.ft, placing Amman Nagar's 2024 figure above this median.

• Andavar Nagar: Rs 1,210 per sq.ft (2024)
• A.N.E Avenue: Rs 1,500 per sq.ft (2024)
• A.D.L.Nagar: Rs 1,210 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,210 per sq.ft (2024)
• Baraniputhur Main Road: Rs 1,450 per sq.ft (2024)
• Ellaiyamman koil Street: Rs 1,210 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 1,450 per sq.ft, the total guideline value amounts to Rs 14,50,000. The stamp duty at 7% would be Rs 1,01,500, and the registration fee at 2% would be Rs 29,000, bringing the total fees together to Rs 1,30,500. 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?

The Sub Registrar Office that covers Amman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Baraniputjur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and fairness in property transactions.

When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that all parties are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 1,450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,450 per sq.ft in 2024, reflecting an overall increase of 480% over the years.

What is the land classification for Amman Nagar?

Amman Nagar falls under the land classification of Residential Special Type - I.

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

The Sub Registrar Office for Amman Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Amman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 14,50,000, the stamp duty would be Rs 1,01,500 at a rate of 7%.