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

How the guideline value of Amsaveni Nagar has changed

According to the guideline value register, the 2017 revision recorded a value of Rs 268 per sq.ft. This figure remained unchanged at Rs 400 per sq.ft in the 2023 revision and continued to be Rs 400 per sq.ft in the 2024 revision, indicating a 49% increase from 2017 to 2023. The revisions for the years 2002, 2003, 2007, and 2012 do not have any figures listed for this street.

From 2023 to 2024, there has been no change in the guideline value, remaining at Rs 400 per sq.ft. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Vadakal_B

In Vadakal_B, there are 34 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,900 per sq.ft, with a median value of Rs 300 per sq.ft. Amsaveni Nagar's guideline value of Rs 400 per sq.ft is 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 is charged at 7%, which totals Rs 28,000, and the registration fee is charged at 2%, amounting to Rs 8,000. Therefore, the total cost for stamp duty and registration fees together is Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Amsaveni Nagar?

Amsaveni Nagar is covered by 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_B

The guideline value is crucial during property transactions as it determines the stamp duty and registration fees applicable. When buying or selling property, the guideline value is used to calculate these fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

Additionally, the guideline value helps in establishing a standard for property transactions in the area, providing a basis for valuation and ensuring transparency in the registration process.

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?

From the 2017 revision to the 2024 revision, the guideline value increased by 49%, from Rs 268 per sq.ft to Rs 400 per sq.ft. There was no change from the 2023 revision to the 2024 revision.

What are the stamp duty and registration fees in Amsaveni Nagar?

For a property valued at Rs 4,00,000, the stamp duty is Rs 28,000 and the registration fee is Rs 8,000, totaling Rs 36,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Amsaveni Nagar?

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

What is the land classification for Amsaveni Nagar?

Amsaveni Nagar is classified as Residential Class I Type - I, indicating its designated use for residential purposes.