Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Vilangadupakkam village, under the Redhills SRO, and is classified as Residential Class III Type - I.

How the guideline value of Amman Nagar has changed

The guideline value for Amman Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it saw a significant decrease to Rs 268 per sq.ft in 2017. The value then rose to Rs 400 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 440 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 120%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with the median value being Rs 440 per sq.ft. Amman Nagar's 2024 figure aligns with this median.

• Anandhi Nagar: Rs 440 per sq.ft (2024)
• Almighty Avenue: Rs 440 per sq.ft (2024)
• Al-Amman Nagar (@) Al.Ameen Nagar: Rs 440 per sq.ft (2024)
• Al Ameen Nagar: Rs 440 per sq.ft (2024)
• Annai Nagar: Rs 440 per sq.ft (2024)
• Annai Vedha Nagar: Rs 770 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 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total to Rs 39,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amman Nagar?

Amman Nagar falls under the jurisdiction of the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Vilangadupakkam. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value may influence the overall cost of the transaction.

When registering a property, the guideline value ensures that the government receives the appropriate revenue from property transactions. Buyers should always check the latest guideline value to understand their financial obligations when purchasing property in the area.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, marking an overall increase of 120% over the years.

What are the other streets with the same guideline value in Vilangadupakkam?

Other streets in Vilangadupakkam with the same guideline value of Rs 440 per sq.ft include Anandhi Nagar, Almighty Avenue, Al-Amman Nagar (@) Al.Ameen Nagar, Al Ameen Nagar, and Annai Nagar.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 30,800, and the registration fee would be Rs 8,800, totaling Rs 39,600.

Which Sub Registrar Office covers Amman Nagar?

The Redhills Sub Registrar Office covers Amman Nagar, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.