Guideline Value for Amrith Nagar

Amrith Nagar guideline value

The current guideline value of Amrith Nagar is Rs 550 per sq.ft, effective from 1 July 2024. This area is located in Kadaperi village, under the Madurandakam SRO, and is classified as Residential Class I Type - I.

How the guideline value of Amrith Nagar has changed

The guideline value of Amrith Nagar has seen several revisions over the years. In 2007, the value was Rs 300 per sq.ft, which increased to Rs 500 per sq.ft in 2012. However, it then decreased to Rs 335 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 500 per sq.ft, and the latest revision in 2024 set the value at Rs 550 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 83%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Kadaperi

In Kadaperi village, there are 24 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,100 per sq.ft, with the median value being Rs 550 per sq.ft. The guideline value of Amrith Nagar matches this median.

• Ajith Avenue: Rs 1,100 per sq.ft (2024)
• Bhavani Nagar Alias Sun City: Rs 740 per sq.ft (2024)
• Housing Board: Rs 440 per sq.ft (2024)
• Kadapperi Bajanai Koil Street: Rs 550 per sq.ft (2024)
• Kadapperi Bharathi Street: Rs 550 per sq.ft (2024)
• Kadapperi Gurukkal Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Amrith Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value would be Rs 5,50,000. The stamp duty at 7% would amount to Rs 38,500, and the registration fee at 2% would be Rs 11,000, resulting in a total of Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amrith Nagar?

The Sub Registrar Office that covers Amrith Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration process of property transactions in Kadaperi. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amrith Nagar?

The current guideline value of Amrith Nagar is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 550 per sq.ft in 2024, reflecting an overall increase of 83% over this period.

What is the land classification of Amrith Nagar?

Amrith Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

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

The Sub Registrar Office for Amrith Nagar is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is stamp duty calculated in Amrith Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 5,50,000, the stamp duty would be Rs 38,500 at 7%.