Guideline Value for Amsavalli Nagar

Amsavalli Nagar guideline value

The current guideline value of Amsavalli Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This locality is situated in Vadakal village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Amsavalli Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 75 per sq.ft, which increased to Rs 400 per sq.ft in 2012, marking an increase of 433%. However, from 2012 to 2017, the value decreased to Rs 268 per sq.ft, a decline of 33%. The value then rose to Rs 400 per sq.ft in the 2023 revision, remaining stable through to the 2024 revision.

In the most recent revisions, the guideline value has remained at Rs 400 per sq.ft for both 2023 and 2024, indicating no change (0%) between these years. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Vadakal

In Vadakal village, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft, with a median value of Rs 300 per sq.ft. Amsavalli Nagar's current figure is above this median.

• Amsaveni Nagar: Rs 400 per sq.ft (2024)
• Alamelumangapuram: Rs 400 per sq.ft (2024)
• Arabindo Nagar: Rs 200 per sq.ft (2024)
• Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Colony Street: Rs 150 per sq.ft (2024)
• Ganesh Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Amsavalli Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, resulting in a total of Rs 36,000 for these charges. 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 these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amsavalli Nagar?

Amsavalli Nagar falls under the jurisdiction of 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 Vadakal

The guideline value is an essential factor when registering property transactions in Vadakal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold or purchased, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, ensuring that the government receives the correct revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amsavalli Nagar?

The current guideline value of Amsavalli Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 75 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and has remained at Rs 400 per sq.ft since 2023.

What is the land classification of Amsavalli Nagar?

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

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

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

How is stamp duty calculated for properties in Amsavalli Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 400 per sq.ft would incur a total guideline value of Rs 4,00,000, resulting in applicable stamp duty and registration fees.