Guideline Value for Amman Nagar

Amman Nagar guideline value

The current guideline value of Amman Nagar, located in Karasangal village under the Sriperumpudur SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area is classified as 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 most recent revision in 2024 maintains the guideline value at Rs 600 per sq.ft, which is the same as the previous year's figure from 2023. In contrast, the 2017 revision recorded a lower value of Rs 402 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 600 per sq.ft, indicating a decrease of 33% to Rs 402 per sq.ft in 2017, but overall, the guideline value remains unchanged from 2012 to 2024.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Amman Nagar. This lack of data highlights the fluctuations in property valuation over time, particularly with the most recent revisions showing stability in the guideline value.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft, with a median value of Rs 402 per sq.ft. The guideline value of Amman Nagar is above this median, reflecting its relative position within the village.

• Annai Therasa street: Rs 250 per sq.ft (2024)
• ALA Garden: Rs 1,500 per sq.ft (2024)
• A.R.K.Nagar: Rs 800 per sq.ft (2024)
• Aadi Athivaradar Avenue: Rs 3,000 per sq.ft (2024)
• A.S.Nagar: Rs 800 per sq.ft (2024)
• Bhasyam Ayyankar Street: Rs 250 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 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total cost for these fees to Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amman Nagar?

The Sub Registrar Office covering Amman Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Karasangal. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately and legally.

It is essential for buyers and sellers to be aware of the current guideline values, as these figures can significantly impact the overall cost of property transactions. Understanding the guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Amman Nagar?

The current guideline value of Amman Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2012, with a notable increase of 49% from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023.

What is the land classification for Amman Nagar?

Amman Nagar is classified as Residential Special Type - II, which indicates its designated use for residential purposes.

Where can I find the Sub Registrar Office for Amman Nagar?

The Sub Registrar Office for Amman Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for property in Amman Nagar?

Stamp duty for property in Amman Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 54,000 based on the current guideline value.