Guideline Value for Amutham Nagar Ext

Amutham Nagar Ext guideline value

The current guideline value for Amutham Nagar Ext is Rs 1,650 per sq.ft, effective from 1 July 2024. This property is located in Peerklankaranai village under the Tambaram Joint 1 SRO, classified as Residential Class I Type - II.

How the guideline value of Amutham Nagar Ext has changed

The guideline value for Amutham Nagar Ext has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,005 per sq.ft. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then to Rs 1,650 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from the 2012 revision to the 2024 revision, there has been a 10% increase in the guideline value. The register has no figures 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, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, which matches the current guideline value for Amutham Nagar Ext.

• Amutham Nagar: Rs 2,200 per sq.ft (2024)
• Amudham Street: Rs 2,200 per sq.ft (2024)
• Amudham Nagar Main Road: Rs 2,200 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 Amutham Nagar Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. Duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amutham Nagar Ext?

The Sub Registrar Office that covers Amutham Nagar Ext 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 information.

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

The guideline value is an important factor during the registration of property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher value is used to calculate the applicable duties and fees. 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 Amutham Nagar Ext?

The current guideline value of Amutham Nagar Ext is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for Amutham Nagar Ext?

For a 1,000 sq.ft plot, the stamp duty would be Rs 1,15,500, and the registration fee would be Rs 33,000, totaling Rs 1,48,500 based on the current guideline value.

Which office handles property registrations in Amutham Nagar Ext?

The Tambaram Joint 1 Sub Registrar Office handles property registrations in Amutham Nagar Ext, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification of Amutham Nagar Ext?

Amutham Nagar Ext is classified as Residential Class I Type - II, which is relevant for property transactions and guideline values.