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_C village under the Sriperumpudur SRO, 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. The register shows that in 2017, the guideline value was Rs 268 per sq.ft. This figure remained unchanged in the subsequent 2023 revision, which also recorded Rs 400 per sq.ft. The latest revision in 2024 has maintained the guideline value at Rs 400 per sq.ft, reflecting a 49% increase from the 2017 figure.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the changes from 2017 to 2024 indicate a consistent valuation since 2023, with no percentage increase noted between these two years.

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, which is equal to the 2024 guideline value of Amsaveni Nagar.

• Amsavalli 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 Amsaveni Nagar

For a 1,000 sq.ft plot in Amsaveni Nagar 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 fees to Rs 36,000. 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 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Vadakal_C. It serves as a benchmark for determining the stamp duty and registration fees applicable on property sales.

When buying or selling property, the guideline value is used to calculate the necessary fees, ensuring that both buyers and sellers are aware of the financial implications involved in the transaction.

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 increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023 and has remained the same in 2024, reflecting a 49% increase from the 2017 figure.

What are the other streets in Vadakal_C with their guideline values?

Other streets in Vadakal_C include Amsavalli Nagar, Alamelumangapuram, Arabindo Nagar, Adhiparasakthi Nagar, Bajanai Koil Street, and Colony Street, with values ranging from Rs 150 to Rs 400 per sq.ft in 2024.

What fees are associated with property transactions in Amsaveni Nagar?

For a property in Amsaveni Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 36,000.

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.