Guideline Value for Amudham Street

Amudham Street guideline value

The current guideline value of Amudham Street in Peerklankaranai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Special Type - I.

How the guideline value of Amudham Street has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,000 per sq.ft, which is a rise of 49%. The latest revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

The register has no figure for Amudham Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 value for these streets is Rs 1,650 per sq.ft, and Amudham Street's 2024 figure of Rs 2,200 per sq.ft is above this median.

• Amudham Nagar Main Road: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. The duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Amudham Street?

The Sub Registrar Office that covers Amudham Street 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 additional details.

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

The guideline value is a critical factor used during the registration of property transactions in Peerklankaranai. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on the established value of the property.

When buying or selling property, the guideline value helps in determining the legal and financial obligations of both parties. It provides a transparent framework for property transactions, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Amudham Street?

The current guideline value of Amudham Street 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 of Amudham Street?

Amudham Street is classified as Residential Special Type - I.

What is the median guideline value in Peerklankaranai?

The median guideline value for streets in Peerklankaranai is Rs 1,650 per sq.ft, with Amudham Street's value being above this median.

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

The Sub Registrar Office for Amudham Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Tambaram Joint 1 SRO.