Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Nandhivaram village, is Rs 1,500 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as 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 2002, the value was Rs 83 per sq.ft, which increased significantly to Rs 338 per sq.ft in 2007, marking a rise of 307%. The value then jumped to Rs 1,500 per sq.ft in 2012, reflecting a substantial increase of 344%. However, in 2017, it decreased to Rs 1,005 per sq.ft, a drop of 33%. The value remained at Rs 1,500 per sq.ft in 2023 and continues at this rate in 2024, indicating no change from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,707%. The register does not have a figure for the year 2003 for this street.

Guideline values in Nandhivaram

Nandhivaram village has 169 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value is Rs 1,500 per sq.ft, placing Amman Nagar's current figure at the median level.

• Ammayi Nagar: Rs 1,500 per sq.ft (2024)
• Amsa Nagar: Rs 1,500 per sq.ft (2024)
• Amsa Nagar Extn.: Rs 1,500 per sq.ft (2024)
• Amudham Colony: Rs 2,000 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,500 per sq.ft (2024)
• Ambal Nagar: Rs 1,500 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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the 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 Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nandhivaram. It serves as a reference point for determining the stamp duty and registration fees applicable during the sale or purchase of a property. Buyers and sellers must consider this value to ensure compliance with the registration requirements.

When registering a property, the guideline value is used to calculate the applicable fees, which are mandatory for all transactions. It is essential for buyers to be aware of the current guideline value to avoid any discrepancies 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 1,500 per sq.ft, as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 83 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 1,707% over the years.

What is the registration fee for property in Amman Nagar?

The registration fee for property in Amman Nagar is calculated based on the guideline value, which is currently Rs 1,500 per sq.ft. For a 1,000 sq.ft plot, the total registration fee would be Rs 30,000 at a rate of 2%.

Which Sub Registrar Office handles registrations for Amman Nagar?

The Gooduvancheri Sub Registrar Office handles registrations for Amman Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the stamp duty calculated in Nandhivaram?

The stamp duty in Nandhivaram is calculated at 7% of the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected based on the property's value at the time of registration.