Guideline Value for Amsaveni Nagar

Amsaveni Nagar guideline value

The current guideline value of Amsaveni 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 Amsaveni Nagar has changed

The guideline value for Amsaveni Nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 50 per sq.ft. This increased significantly to Rs 400 per sq.ft in the 2012 revision, marking a rise of 700%. However, in the 2017 revision, the value decreased to Rs 268 per sq.ft, a drop of 33%. The 2023 revision maintained the value at Rs 400 per sq.ft, and the same figure was carried into the 2024 revision, resulting in no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the current 2024 revision, there has been a substantial increase of 700%. The guideline value register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Vadakal

In Vadakal, there are 31 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 800 per sq.ft. The median value among these streets is Rs 300 per sq.ft, placing Amsaveni Nagar's 2024 figure above this median.

• Amsavalli 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 Amsaveni 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, bringing the total cost for these fees to Rs 36,000. It is important to note that the duty is charged based 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 Amsaveni Nagar?

Amsaveni 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 a critical factor in the registration process when buying or selling property in Vadakal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process is transparent and standardized across different properties.

Frequently asked questions

What is the current guideline value of Amsaveni Nagar?

The current guideline value of Amsaveni 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 50 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreased to Rs 268 per sq.ft in 2017, and remained at Rs 400 per sq.ft in 2023 and 2024.

What is the median guideline value in Vadakal?

The median guideline value in Vadakal is Rs 300 per sq.ft, with Amsaveni Nagar's current value being above this median.

What fees are applicable when registering property in Amsaveni Nagar?

The fees applicable include a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price.

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

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