Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Varadarajapuram village under the Padappai SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Amman Nagar has changed

Over the years, the guideline value of Amman Nagar has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft. However, it decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. Subsequently, the value increased significantly to Rs 1,500 per sq.ft in the 2023 revision, reflecting a 49% rise. The current 2024 revision has set the value at Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from the 2012 to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, making Amman Nagar's 2024 figure equal to this median.

• Ambika Nagar: Rs 1,650 per sq.ft (2024)
• Ambedhkar Street: Rs 1,650 per sq.ft (2024)
• Amball Nagar: Rs 990 per sq.ft (2024)
• Amal Nagar: Rs 990 per sq.ft (2024)
• Albin nagar: Rs 1,320 per sq.ft (2024)
• Annai Anandha Nagar Phase II: Rs 1,650 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 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000. Together, these fees would total Rs 1,48,500. 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 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 Varadarajapuram

The guideline value plays a crucial role in the registration process for property transactions in Varadarajapuram. It serves as a benchmark for determining the minimum sale price of a property, ensuring that the property is registered at a value that reflects its worth according to the government’s assessment.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. These fees are based on the higher amount between the guideline value and the actual sale price, ensuring 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 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value of Amman Nagar changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What is the land classification for Amman Nagar?

The land classification for Amman Nagar is Residential Special Type - II.

Where is the Sub Registrar Office for Amman Nagar located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How are stamp duty and registration fees calculated for properties in Amman Nagar?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 1,48,500.