Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under Vandalur village and is governed by the Gooduvancheri SRO. The land classification for Amman Nagar is Residential Special Type - I.

How the guideline value of Amman Nagar has changed

Over the years, the guideline value of Amman Nagar has seen several revisions. In the 2007 revision, the guideline value was Rs 550 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a substantial rise of 173%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, representing a decline of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,500 per sq.ft, reflecting an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 173%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Vandalur

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO. As such, Amman Nagar stands out with its current guideline value of Rs 1,500 per sq.ft.

Stamp duty and registration fee for property in Amman Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the 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, making the total cost Rs 1,35,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your costs using the stamp duty and registration fee calculator.

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, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

When buying or selling property in Vandalur, the guideline value is a crucial factor during the registration process. It serves as a basis for calculating the stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registers.

Both buyers and sellers must be aware that the stamp duty is charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 2023 revision.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased by 173%, from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2023. There have been fluctuations, including a decrease to Rs 1,005 per sq.ft in 2017.

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

For a property valued at 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, totaling Rs 1,35,000.

Which Sub Registrar Office covers Amman Nagar?

The Gooduvancheri Sub Registrar Office covers Amman Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

Is there a guideline value for other streets in Vandalur?

Currently, there are no specific guideline values provided for other streets in Vandalur under the Gooduvancheri SRO.