Guideline Value for Amudha Street

Amudha Street guideline value

The current guideline value of Amudha Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Amudha Street has changed

Over the years, the guideline value of Amudha Street has seen several revisions. Starting from Rs 470 per sq.ft in 2003, the value increased significantly to Rs 1,500 per sq.ft in 2007, marking a change of +219%. The value then rose to Rs 3,000 per sq.ft in 2012, which was a +100% increase. However, it dropped to Rs 2,010 per sq.ft in 2017, reflecting a -33% change. The value increased again to Rs 3,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 3,300 per sq.ft, showing a +10% increase.

It is important to note that the register has no figure for Amudha Street for the year 2002. Overall, from 2003 to 2024, the guideline value has increased by +602%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that have a guideline value for 2024, ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. The guideline value of Amudha Street is below this median.

• Anaga Street: Rs 3,850 per sq.ft (2024)
• Anaga Street in Sachidhanantha Street: Rs 3,850 per sq.ft (2024)
• Ananda Garden: Rs 3,300 per sq.ft (2024)
• Ananda garden (100 Ft. Bye Pass Road): Rs 13,200 per sq.ft (2024)
• Amirtham Avenue (Udayam Nagar): Rs 3,850 per sq.ft (2024)
• Amirtham Avenue: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Amudha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration fees would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Amudha Street?

The Sub Registrar Office that covers Amudha Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Velachery. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is assessed to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amudha Street?

The current guideline value of Amudha Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 470 per sq.ft in 2003 to Rs 3,300 per sq.ft in 2024, representing an overall increase of +602% over the years.

What is the land classification for Amudha Street?

Amudha Street is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Amudha Street?

The Sub Registrar Office for Amudha Street is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 3,300 per sq.ft would incur a total guideline value of Rs 33,00,000.