Guideline Value for Amudham Nagar Main Road

Amudham Nagar Main Road guideline value

The current guideline value of Amudham Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Amudham Nagar Main Road has changed

The guideline value for Amudham Nagar Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. However, this figure rose significantly to Rs 2,000 per sq.ft in the 2023 revision, and further increased to Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available in the register for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Amudham Nagar Main Road's 2024 figure above that median.

• Amudham Street: Rs 2,200 per sq.ft (2024)
• Amutham Nagar: Rs 2,200 per sq.ft (2024)
• Amutham Nagar Ext: Rs 1,650 per sq.ft (2024)
• Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Amman Koil Ist Cross Street: Rs 1,650 per sq.ft (2024)
• Amman koil 2nd St: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Amudham Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Amudham Nagar Main Road?

The Sub Registrar Office that covers Amudham Nagar Main Road is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Peerklankaranai. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When a property is sold, the registration process involves calculating the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amudham Nagar Main Road?

The current guideline value of Amudham Nagar Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Amudham Nagar Main Road?

The land classification for Amudham Nagar Main Road is Residential Special Type - I.

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

Other streets in Peerklankaranai include Amudham Street and Amutham Nagar, both at Rs 2,200 per sq.ft, and Amutham Nagar Ext, Amman Koil Street, Amman Koil Ist Cross Street, and Amman koil 2nd St, all at Rs 1,650 per sq.ft.

Where is the Tambaram Joint 1 Sub Registrar Office located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.