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 area is located in Vadakal_C village and falls under the Sriperumpudur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Amsavalli Nagar has changed

The guideline value for Amsavalli Nagar has remained consistent at Rs 400 per sq.ft from the 2023 revision to the 2024 revision, showing no change. Prior to this, in the 2017 revision, the value was Rs 268 per sq.ft, marking a significant increase of 49% when compared to the 2023 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The overall change from the 2017 revision to the 2024 revision is also +49%.

Guideline values in Vadakal_C

In Vadakal_C, there are 61 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median value is Rs 400 per sq.ft, making Amsavalli Nagar's 2024 figure equal to 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)
• Adhiparasakthi Nagar: Rs 400 per sq.ft (2024)
• Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Colony Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Amsavalli Nagar

For a 1,000 sq.ft plot at the current rate of Rs 400 per sq.ft, the guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, totaling Rs 36,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amsavalli Nagar?

The Sub Registrar Office that covers Amsavalli Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vadakal_C. It serves as a basis for calculating the stamp duty and registration fees, which are mandatory during property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties and fees. This ensures 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 remained the same at Rs 400 per sq.ft from 2023 to 2024, while it increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase overall from 2017 to 2024.

What is the land classification for Amsavalli Nagar?

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

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

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

How is stamp duty calculated in Amsavalli Nagar?

Stamp duty in Amsavalli Nagar is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, leading to a stamp duty of Rs 28,000.