Guideline Value for Amsa Nagar

Amsa Nagar guideline value

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

How the guideline value of Amsa Nagar has changed

The guideline value for Amsa Nagar has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 92 per sq.ft. This value increased significantly to Rs 328 per sq.ft in 2007, marking a 257% rise. In 2012, the value saw a jump to Rs 1,500 per sq.ft, representing a 357% increase. However, in 2017, it decreased to Rs 1,005 per sq.ft, a drop of 33%. From 2017 to 2023, the value increased by 49%, bringing it back to Rs 1,500 per sq.ft, which remained unchanged in the 2024 revision.

Overall, from 2002 to 2024, the guideline value has increased by 1530%. Notably, there is no figure available for the year 2003 in the register for this street.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO with 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 equal to the guideline value of Amsa Nagar.

• Ammayi 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)
• 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

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 fees Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amsa Nagar?

The Sub Registrar Office that covers Amsa 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nandhivaram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When you engage in a property transaction, the guideline value ensures that the government receives the appropriate revenue from the sale. Therefore, it is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Amsa Nagar?

The current guideline value of Amsa 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 from Rs 92 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 1530% over the years.

What are the stamp duty and registration fees for Amsa Nagar?

For a 1,000 sq.ft plot in Amsa Nagar, the total guideline value is Rs 15,00,000, resulting in a stamp duty of Rs 1,05,000 and a registration fee of Rs 30,000, totaling Rs 1,35,000.

Which office handles registrations for Amsa Nagar?

The Gooduvancheri Sub Registrar Office is responsible for handling registrations for Amsa Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202.

What is the land classification for Amsa Nagar?

Amsa Nagar is classified as Residential Special Type - I, which is important for understanding the land use regulations in the area.