Guideline Value for Amudham Nagar 6th Street

Amudham Nagar 6th Street guideline value

The current guideline value of Amudham Nagar 6th 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 is classified as Residential Class I Type - I.

How the guideline value of Amudham Nagar 6th Street has changed

The guideline value for Amudham Nagar 6th Street has undergone several revisions over the years. In 2012, the guideline value was Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,700 per sq.ft in 2024, reflecting an 8% increase from the previous year.

From 2012 to 2024, the overall change has been an increase of 8%. The change from 2017 to 2023 saw a substantial rise of 49%. It's important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kodungaiyur

Kodungaiyur village features a total of 1,318 streets under the Madhavaram SRO, with the 2024 guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the current value of Amudham Nagar 6th Street.

• Amudham Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Amudham Nagar 7th Street: Rs 2,700 per sq.ft (2024)
• Amudham Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Amudham Nagar 8th Street: Rs 2,700 per sq.ft (2024)
• Amudham Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Amudham Nagar Extension: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Amudham Nagar 6th 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, making the total cost for these fees Rs 2,43,000. It's important to note that 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 further calculations.

Which Sub Registrar Office covers Amudham Nagar 6th Street?

The Sub Registrar Office that covers Amudham Nagar 6th 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 plays a crucial role in the registration process of property transactions in Kodungaiyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial aspects of the property transaction. Accurate knowledge of the guideline value helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Amudham Nagar 6th Street?

The current guideline value of Amudham Nagar 6th 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 seen several revisions, starting from Rs 2,500 per sq.ft in 2012, decreasing to Rs 1,675 per sq.ft in 2017, then increasing to Rs 2,500 per sq.ft in 2023, and finally reaching Rs 2,700 per sq.ft in 2024.

What is the registration office for Amudham Nagar 6th Street?

The registration office for Amudham Nagar 6th Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. Duty is charged on the higher of the guideline value and the sale price.

Where can I find more information about the guideline values in Kodungaiyur?

More information about the guideline values in Kodungaiyur can be found through the official registration department or by exploring other streets in the area, which have similar guideline values.