Guideline Value for SRI AMMAN NAGAR

Sri Amman Nagar guideline value

The current guideline value of Sri Amman Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This area is located in Alapakkam village under the Arani_Tiruvallur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Sri Amman Nagar has changed

The guideline value for Sri Amman Nagar has seen several revisions over the years. As per the records, the 2017 revision set the value at Rs 60 per sq.ft. This was increased to Rs 100 per sq.ft in the 2023 revision, and the same rate continues into the 2024 revision, reflecting a total increase of 67% from 2017 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. The guideline value remained at Rs 100 per sq.ft from 2023 to 2024, indicating no change during that period.

Guideline values in Alapakkam

In Alapakkam, five streets under the Arani_Tiruvallur SRO carry a 2024 guideline value ranging from Rs 100 to Rs 111 per sq.ft. The median guideline value for these streets is Rs 111 per sq.ft, placing Sri Amman Nagar's 2024 figure below that median.

• Sri Dhanalakshmi Nagar: Rs 100 per sq.ft (2024)
• Sri Gajalakshmi Nagar: Rs 111 per sq.ft (2024)
• Sri Gejalakshmi Nagar: Rs 111 per sq.ft (2024)
• Sadaanandaa Homes: Rs 111 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total cost for these fees to Rs 9,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Amman Nagar?

The Sub Registrar Office that covers Sri Amman Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Alapakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property transactions.

When you register a property, the guideline value helps in calculating the stamp duty and registration fees that are payable. This ensures that both buyers and sellers are aware of the financial implications of their transactions based on the established guideline value.

Frequently asked questions

What is the current guideline value of Sri Amman Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 60 per sq.ft in 2017 to Rs 100 per sq.ft in 2023 and remains the same in 2024, marking a total increase of 67% from 2017 to 2024.

What are the other streets in Alapakkam with their guideline values?

Other streets in Alapakkam include Sri Dhanalakshmi Nagar at Rs 100 per sq.ft, and Sri Gajalakshmi Nagar, Sri Gejalakshmi Nagar, and Sadaanandaa Homes at Rs 111 per sq.ft, all as of 2024.

What fees are associated with buying property in Sri Amman Nagar?

When buying property in Sri Amman Nagar, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 1,00,000, the total fees would amount to Rs 9,000.

Where can I find the Sub Registrar Office for Sri Amman Nagar?

The Sub Registrar Office for Sri Amman Nagar is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find more information about your SRO online.