Guideline Value for SRI AMMAL NAGAR

Sri Ammal Nagar guideline value

The current guideline value of Sri Ammal Nagar in Kayirambedu village is Rs 700 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - II.

How the guideline value of Sri Ammal Nagar has changed

The guideline value for Sri Ammal Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 469 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 700 per sq.ft, a figure that has been consistent in the 2023 and 2024 revisions as well.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 700 per sq.ft.

Guideline values in Kayirambedu

In Kayirambedu, there are 120 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,550 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is the same as the guideline value for Sri Ammal Nagar.

• Sri Adhira Avenue: Rs 1,500 per sq.ft (2024)
• Sowbhagya Nagar: Rs 700 per sq.ft (2024)
• Sorna Bungalow Nagar: Rs 700 per sq.ft (2024)
• Snt Nagar: Rs 2,389 per sq.ft (2024)
• S Na Garden: Rs 900 per sq.ft (2024)
• Sri Elumalai Nagar: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ammal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty is charged at 7%, which totals Rs 49,000, and the registration fee is 2%, amounting to Rs 14,000. Together, the total fees would be Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ammal Nagar?

Sri Ammal Nagar is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Kayirambedu

The guideline value plays a crucial role in the registration of property transactions in Kayirambedu. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

Additionally, the guideline value serves as a reference point for property valuation during registration. It is essential for buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ammal Nagar?

The current guideline value of Sri Ammal Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since the 2012 revision, decreased to Rs 469 per sq.ft in 2017, and then returned to Rs 700 per sq.ft in 2023 and 2024.

What is the land classification for Sri Ammal Nagar?

Sri Ammal Nagar is classified as Residential Special Type - II, indicating its intended use for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for property in Sri Ammal Nagar?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 7,00,000 would incur a stamp duty of Rs 49,000 at 7%.