Guideline Value for Amuthan Nagar

Amuthan Nagar guideline value

The current guideline value of Amuthan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class IV Type - II.

How the guideline value of Amuthan Nagar has changed

Over the years, the guideline value of Amuthan Nagar has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 1,000 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%. However, the value increased by 49% from 2017 to 2023. The change from 2023 to 2024 represents a 10% increase, leading to an overall increase of 10% from 2012 to 2024.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Amuthan Nagar's 2024 figure below the median.

• Anandan Street: Rs 1,300 per sq.ft (2024)
• Amman Street: Rs 1,400 per sq.ft (2024)
• Anandham Street (Ram Nagar): Rs 2,400 per sq.ft (2024)
• Amman Nagar: Rs 1,400 per sq.ft (2024)
• Anbalagan Street: Rs 1,100 per sq.ft (2024)
• Anbazhagan Street (VL Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Amuthan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Amuthan Nagar?

Amuthan Nagar is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Oragadam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value serves as a baseline for calculating the applicable fees. Buyers and sellers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Amuthan Nagar?

The current guideline value of Amuthan Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Amuthan Nagar?

Amuthan Nagar is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value, while the registration fee is charged at 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.