Guideline Value for Amudham Colony

Amudham Colony guideline value

The current guideline value of Amudham Colony, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 2,000 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Amudham Colony has changed

The guideline value for Amudham Colony has seen several revisions over the years. In 2002, the guideline value was Rs 62 per sq.ft, which increased significantly to Rs 437 per sq.ft in 2007, marking a change of +605%. This was followed by a notable rise to Rs 2,000 per sq.ft in 2012, reflecting an increase of +358%. However, the value dropped to Rs 1,340 per sq.ft in 2017, a decrease of -33%. The value remained unchanged at Rs 2,000 per sq.ft in both the 2023 and 2024 revisions, indicating a +49% increase from the 2017 figure.

It is important to note that the register has no figure for the year 2003 for this street. Overall, from 2002 to 2024, the guideline value has increased by +3126%.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft, with a median value of Rs 1,500 per sq.ft. Amudham Colony's 2024 figure of Rs 2,000 per sq.ft is above this median.

• Amsa Nagar Extn.: Rs 1,500 per sq.ft (2024)
• Amsa Nagar: Rs 1,500 per sq.ft (2024)
• Ammayi Nagar: Rs 1,500 per sq.ft (2024)
• Amman Nagar: Rs 1,500 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,500 per sq.ft (2024)
• Ambal Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Amudham Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, bringing the total cost for these fees to Rs 1,80,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amudham Colony?

The Sub Registrar Office that covers Amudham Colony is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Nandhivaram. It serves as a reference point for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees during the transaction process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions. This helps maintain transparency in property dealings and ensures that the government receives the appropriate taxes from property transactions.

Frequently asked questions

What is the current guideline value of Amudham Colony?

The current guideline value of Amudham Colony is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 62 per sq.ft in 2002 to Rs 2,000 per sq.ft in 2024, reflecting an overall increase of +3126% over the period.

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

Other streets in Nandhivaram include Amsa Nagar Extn., Amsa Nagar, Ammayi Nagar, Amman Nagar, Ambedkar Nagar, and Ambal Nagar, all with a guideline value of Rs 1,500 per sq.ft in 2024.

What fees are associated with property transactions in Amudham Colony?

When registering a property in Amudham Colony, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Amudham Colony?

The Sub Registrar Office for Amudham Colony is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.