Guideline Value for Amsa Nagar Extn.

Amsa Nagar Extn. guideline value

The current guideline value of Amsa Nagar Extn., located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft. This value is effective from 1 July 2024 and falls under the land classification of Residential Special Type - I.

How the guideline value of Amsa Nagar Extn. has changed

The guideline value for Amsa Nagar Extn. has undergone several revisions over the years. In 2002, the guideline value was Rs 92 per sq.ft, which increased significantly to Rs 328 per sq.ft in 2007, marking a change of +257%. The value then rose to Rs 1,500 per sq.ft in 2012, reflecting a substantial increase of +357%. However, between 2012 and 2017, the value decreased to Rs 1,005 per sq.ft, a change of -33%. The 2023 revision maintained the value at Rs 1,500 per sq.ft, with no change from the previous year. The current 2024 revision also holds the value steady at Rs 1,500 per sq.ft, indicating a change of +0% from 2023.

Overall, from 2002 to 2024, the guideline value has increased by +1,530%. It is important to note that the register has no figure for this street for the year 2003.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value is Rs 1,500 per sq.ft, which is the same as the current guideline value for Amsa Nagar Extn.

• Amsa Nagar: Rs 1,500 per sq.ft (2024)
• Amudham Colony: Rs 2,000 per sq.ft (2024)
• Ammayi Nagar: Rs 1,500 per sq.ft (2024)
• Amman Nagar: Rs 1,500 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 Amsa Nagar Extn.

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, making the total cost for these fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Amsa Nagar Extn.?

The Amsa Nagar Extn. falls under the jurisdiction of 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 critical factor in the registration process when buying or selling property in Nandhivaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value for tax purposes.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. 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 Amsa Nagar Extn.?

The current guideline value of Amsa Nagar Extn. 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 from Rs 92 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of +1,530% over the years.

What are the stamp duty and registration fees for property in Amsa Nagar Extn.?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty is Rs 1,05,000, and the registration fee is Rs 30,000, totaling Rs 1,35,000.

Which Sub Registrar Office covers Amsa Nagar Extn.?

The Gooduvancheri Sub Registrar Office covers Amsa Nagar Extn., located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification for Amsa Nagar Extn.?

Amsa Nagar Extn. falls under the land classification of Residential Special Type - I.