Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Kattupakkam village under the Kunrathur SRO, is Rs 2,090 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 211 per sq.ft, which increased to Rs 350 per sq.ft in 2007. This was followed by a substantial rise to Rs 1,900 per sq.ft in 2012, before dropping to Rs 1,273 per sq.ft in 2017. The value then increased to Rs 1,900 per sq.ft in 2023, and currently stands at Rs 2,090 per sq.ft as of the 2024 revision. The register has no figure for this street in 2002.

From 2017 to 2023, the value increased by 49%, while the jump from 2023 to 2024 is 10%. The most notable change occurred between 2007 and 2012, with an increase of 443%. Overall, from 2003 to 2024, the guideline value has increased by 891%.

Guideline values in Kattupakkam

Kattupakkam village features 75 streets under the Kunrathur SRO, with guideline values for 2024 ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median guideline value is Rs 2,090 per sq.ft, which is the same as the current value for Amman Nagar.

• Amman Koil Street: Rs 2,090 per sq.ft (2024)
• Anandha Nagar: Rs 3,520 per sq.ft (2024)
• Ambal Nagar: Rs 3,520 per sq.ft (2024)
• A.D. Govindharaj Nagar: Rs 3,520 per sq.ft (2024)
• ArulMurugan Nagar: Rs 2,090 per sq.ft (2024)
• Audco Nagar: Rs 3,520 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 2,090 per sq.ft, the total guideline value would be Rs 20,90,000. The stamp duty at 7% would amount to Rs 1,46,300, while the registration fee at 2% would be Rs 41,800, bringing the total to Rs 1,88,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, 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 details.

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

The guideline value is a crucial factor when buying or selling property in Kattupakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the actual 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?

The current guideline value of Amman Nagar is Rs 2,090 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 211 per sq.ft in 2003 to Rs 2,090 per sq.ft in 2024, representing an overall increase of 891% over the period.

What is the land classification of Amman Nagar?

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

What are the stamp duty and registration fees for a property in Amman Nagar?

For a property valued at Rs 20,90,000, the stamp duty would be Rs 1,46,300, and the registration fee would be Rs 41,800, totaling Rs 1,88,100.

Where is the Sub Registrar Office for Amman Nagar located?

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