Guideline Value for SRI AMMAN NAGAR

Sri Amman Nagar guideline value

The current guideline value of Sri Amman Nagar, located in Anupampattu village under the Ponneri SRO, is Rs 300 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Sri Amman Nagar has changed

Over the years, the guideline value of Sri Amman Nagar has seen several revisions. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. However, from 2017 to 2023, the value increased by 49% to reach Rs 300 per sq.ft again, and it has remained at this figure through the 2024 revision.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. The overall change from the 2012 revision to the 2024 revision is 0%, indicating that the guideline value has not fluctuated significantly during this period.

Guideline values in Anupampattu

In Anupampattu, there are 42 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 300 to Rs 500 per sq.ft, with a median value of Rs 300 per sq.ft. Sri Amman Nagar's guideline value of Rs 300 per sq.ft aligns with this median.

• Sri Ganesh Nagar: Rs 300 per sq.ft (2024)
• Sri Kamatchi Amman Nagar: Rs 300 per sq.ft (2024)
• Sri Kamatchi Nagar: Rs 300 per sq.ft (2024)
• Sri Mehar Baba Nagar: Rs 300 per sq.ft (2024)
• Srinivasan Nagar: Rs 300 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 300 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, leading to a total cost of Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Amman Nagar?

The Sri Amman Nagar area is covered by the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Anupampattu. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property.

When registering a property, the guideline value is assessed to ensure that the transaction is recorded accurately. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value of Sri Amman Nagar?

The current guideline value of Sri Amman Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 300 per sq.ft in 2024, which is the same as the 2023 revision. The value was Rs 201 per sq.ft in 2017 and Rs 300 per sq.ft in 2012.

What is the land classification of Sri Amman Nagar?

Sri Amman Nagar falls under the Residential Class II Type - I land classification, which is pertinent for property registration and valuation.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Sri Amman Nagar?

Stamp duty for properties in Sri Amman Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the guideline value of Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.