Guideline Value for SRI AMMAL NAGAR EXTN

Sri Ammal Nagar Extn guideline value

The current guideline value of Sri Ammal Nagar Extn is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Sri Ammal Nagar Extn has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. It increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% increase over six years. The most recent revision in 2024 has set the value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 60%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

There are 382 streets in Thiruninravur-A under the Avadi SRO, with the 2024 guideline values ranging from Rs 440 to Rs 2,750 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the guideline value of Sri Ammal Nagar Extn.

• Sri Annai Nagar & Extn: Rs 750 per sq.ft (2024)
• Sree Selva Vigneshwara Nagar: Rs 990 per sq.ft (2024)
• Sree Kamachi Amman Nagar Annexure -C: Rs 880 per sq.ft (2024)
• Sri Balaji Garden: Rs 750 per sq.ft (2024)
• SRI BALAJI GARDEN ANNEX-ii: Rs 750 per sq.ft (2024)
• Sri Jayaram Nagar Annexue, Gnanambal Colony: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ammal Nagar Extn

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, totaling Rs 67,500. It is important to note that 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 Sri Ammal Nagar Extn?

The Sub Registrar Office that covers Sri Ammal Nagar Extn is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor during property registration in Thiruninravur-A. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable fees. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Sri Ammal Nagar Extn?

The current guideline value of Sri Ammal Nagar Extn is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, marking an overall increase of 60% over this period.

What are the other streets in Thiruninravur-A with similar guideline values?

Other streets in Thiruninravur-A, such as Sri Annai Nagar & Extn, Sri Balaji Garden, and Sri Jayaram Nagar Annexue, also have a guideline value of Rs 750 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Sri Ammal Nagar Extn?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 67,500.

Which office handles property registrations for Sri Ammal Nagar Extn?

The Avadi Sub Registrar Office handles property registrations for Sri Ammal Nagar Extn, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.