Guideline Value for SRI AMMAN NAGAR EXT

Sri Amman Nagar Ext guideline value

The current guideline value of Sri Amman Nagar Ext, located in Thotakadu village under the Ponneri SRO, is Rs 150 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area is classified as Residential Class II Type - I.

How the guideline value of Sri Amman Nagar Ext has changed

Over the years, the guideline value for Sri Amman Nagar Ext has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it was Rs 100 per sq.ft. The value then increased by 50% to Rs 150 per sq.ft in the 2023 revision. The current 2024 revision has maintained this figure, showing no change from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Thus, the guideline value has remained consistent from 2012 to 2024, with the only significant change occurring between 2017 and 2023.

Guideline values in Thotakadu

In Thotakadu, the guideline values for various streets have been set at Rs 150 per sq.ft in the 2024 revision, which is also the median value for the area. Sri Amman Nagar Ext's 2024 figure aligns with this median.

• Sri Amman Nagar: Rs 150 per sq.ft (2024)
• Sivasakthi Vinayagar Nagar: Rs 150 per sq.ft (2024)
• Sri Parvathi Amman Nagar: Rs 150 per sq.ft (2024)
• Sri Sakthi Sai Garden: Rs 150 per sq.ft (2024)
• Vetri Nagar: Rs 150 per sq.ft (2024)
• K.P.M.Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Amman Nagar Ext

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Sri Amman Nagar Ext?

The Sri Amman Nagar Ext area falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property in Thotakadu, the guideline value helps ensure that the transaction is recorded accurately in the official register.

Both buyers and sellers should be aware that the guideline value may influence the sale price, as it serves as a benchmark for property valuation. It is essential to consult the latest guideline values to understand the financial implications of a property transaction.

Frequently asked questions

What is the current guideline value of Sri Amman Nagar Ext?

The current guideline value of Sri Amman Nagar Ext is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft in 2012, 2023, and 2024, while it was Rs 100 per sq.ft in 2017. There was a 50% increase from 2017 to 2023.

Which Sub Registrar Office covers this area?

The Ponneri Sub Registrar Office covers Sri Amman Nagar Ext, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

What are the registration fees for property in Sri Amman Nagar Ext?

The registration fees for property transactions are calculated based on the guideline value, which is currently Rs 150 per sq.ft. The stamp duty is charged at 7% and the registration fee at 2% of the guideline value.

Are there other streets with the same guideline value in Thotakadu?

Yes, several other streets in Thotakadu also have a guideline value of Rs 150 per sq.ft as per the 2024 revision.