Guideline Value for Ammayi Nagar

Ammayi Nagar guideline value

The current guideline value of Ammayi Nagar, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Ammayi Nagar has changed

Since 2002, the guideline value of Ammayi Nagar has seen significant changes. In 2002, the value was Rs 77 per sq.ft, which increased to Rs 328 per sq.ft in 2007. This was a substantial rise of 326%. The value then surged to Rs 1,500 per sq.ft in 2012, marking a remarkable increase of 357%. However, it fell to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The guideline value remained at Rs 1,500 per sq.ft in both 2023 and the upcoming 2024 revision, indicating no change between these two years. The overall increase from 2002 to 2024 is 1,848%.

Guideline values in Nandhivaram

Nandhivaram village has a total of 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 value in this area is Rs 1,500 per sq.ft, which is equal to the guideline value of Ammayi Nagar.

• Amsa Nagar: Rs 1,500 per sq.ft (2024)
• Amman 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 Ammayi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, the total cost for stamp duty and registration would be 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 Ammayi Nagar?

The Sub Registrar Office that covers Ammayi 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 further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Nandhivaram. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value serves as a benchmark for assessing the value of the property, ensuring that the transaction is recorded accurately.

When you are buying or selling a property, it is essential to be aware of the current guideline value, as it affects the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value of Ammayi Nagar?

The current guideline value of Ammayi Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 77 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 1,848% over this period.

What are the stamp duty and registration fees for properties in Ammayi Nagar?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000, and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Ammayi Nagar?

The Gooduvancheri Sub Registrar Office covers Ammayi Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202.

What is the land classification for Ammayi Nagar?

The land classification for Ammayi Nagar is Residential Special Type - I, indicating its designated use for residential purposes.