Guideline Value for Amudham Nagar 2nd Street

Amudham Nagar 2nd Street guideline value

The current guideline value of Amudham Nagar 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Amudham Nagar 2nd Street has changed

In the 2024 revision, the guideline value for Amudham Nagar 2nd Street was set at Rs 2,700 per sq.ft, an increase from the 2023 revision where it was Rs 2,500 per sq.ft. The change from 2023 to 2024 represents an increase of 8%. Prior to that, the guideline value remained unchanged from 2012 to 2023, where it was also Rs 2,500 per sq.ft. The register has no figures for the years 2017, 2007, 2003, and 2002 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The 2024 figure aligns with the median value of Rs 2,700 per sq.ft for the 1,318 streets in Kodungaiyur under the Madhavaram SRO.

Guideline values in Kodungaiyur

In Kodungaiyur, the guideline values range from Rs 1,900 to Rs 4,000 per sq.ft, with the median value being Rs 2,700 per sq.ft. Amudham Nagar 2nd Street's guideline value for 2024 is equal to this median.

• Amudham Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Amudham Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Amudham Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Amudham Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Amudham Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Amudham Nagar 7th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Amudham Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amudham Nagar 2nd Street?

The Sub Registrar Office that covers Amudham Nagar 2nd Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as the benchmark for calculating the stamp duty and registration fees that are required during the transaction.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Amudham Nagar 2nd Street?

The current guideline value of Amudham Nagar 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,500 per sq.ft from 2012 to 2023, before increasing to Rs 2,700 per sq.ft in 2024. Overall, there has been an 8% increase from 2012 to 2024.

What is the land classification for Amudham Nagar 2nd Street?

Amudham Nagar 2nd Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.

What are the other streets in Kodungaiyur with the same guideline value?

Other streets in Kodungaiyur with a guideline value of Rs 2,700 per sq.ft for 2024 include Amudham Nagar 1st Street, 3rd Street, 4th Street, 5th Street, 6th Street, and 7th Street.

Where can I find the Sub Registrar Office for Amudham Nagar 2nd Street?

The Madhavaram Sub Registrar Office, which covers Amudham Nagar 2nd Street, is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.