Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Serapanancheri village under the Padappai SRO, is Rs 720 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 650 per sq.ft, which then decreased to Rs 435 per sq.ft in 2017. Following this, the value increased significantly to Rs 650 per sq.ft in 2023, and then further rose to Rs 720 per sq.ft in 2024, marking an 11% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The 2017 revision is notable for a 49% increase from the previous 2012 figure, while the 2012 to 2017 period saw a decrease of 33%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 guideline value is Rs 720 per sq.ft, which is equal to the current value of Amman Nagar.

• Amman Nagar Extn I and II: 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

For a 1,000 sq.ft plot in Amman Nagar at the current guideline value of Rs 720 per sq.ft, the total guideline value would be Rs 7,20,000. The stamp duty at 7% would amount to Rs 50,400, and the registration fee at 2% would be Rs 14,400, bringing the total fees to Rs 64,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use this 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 Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Serapanancheri. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value ensures that the transaction is recorded at a standard value, which helps in maintaining transparency and fairness in property dealings. Buyers and sellers must be aware of the current guideline value to accurately calculate their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar 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.

What is the land classification of Amman Nagar?

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

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

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.

Which office handles property registration for Amman Nagar?

The Padappai Sub Registrar Office handles property registration for Amman Nagar, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.