Guideline Value for SRI AMMAN NAGAR

Sri Amman Nagar guideline value

The current guideline value of Sri Amman Nagar is Rs 501 per sq.ft. This area is located in Thadaperumbakkam village, under the Ponneri Sub Registrar Office (SRO). The land classification for this street is Residential Class II Type - I.

How the guideline value of Sri Amman Nagar has changed

The guideline value for Sri Amman Nagar has undergone several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 200 per sq.ft, which was a significant change from the previous revisions. The most recent revision in 2024 increased the guideline value to Rs 501 per sq.ft, marking an increase of 151% from the 2023 figure.

With the 2024 revision, Sri Amman Nagar's guideline value aligns with the median value of Rs 501 per sq.ft for the 50 streets in Thadaperumbakkam under the Ponneri SRO. This indicates a notable adjustment in property valuation in this area.

Guideline values in Thadaperumbakkam

Thadaperumbakkam has a range of guideline values for its streets, with values varying from Rs 500 to Rs 1,500 per sq.ft. The median value is Rs 501 per sq.ft, and Sri Amman Nagar's 2024 figure matches this median. Below are the guideline values for other streets in Thadaperumbakkam:

• Sri Balaji Avenue: Rs 501 per sq.ft (2024)
• Sri Devi Gayathri Nagar: Rs 501 per sq.ft (2024)
• Sri Krishna Garden: Rs 501 per sq.ft (2024)
• Sri Krishna Residency: Rs 600 per sq.ft (2024)
• Sri Meenal Nagar: Rs 501 per sq.ft (2024)
• Sivagami Nagar: Rs 501 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 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty, calculated at 7%, would amount to Rs 35,070, and the registration fee at 2% would be Rs 10,020. Therefore, the total cost for these fees would be Rs 45,090. 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 Amman Nagar?

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

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

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

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees that need to be paid. This ensures that both buyers and sellers are aware of the financial implications of the transaction 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 501 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 151%, rising from Rs 200 per sq.ft to Rs 501 per sq.ft.

What is the land classification for Sri Amman Nagar?

Sri Amman Nagar is classified as Residential Class II Type - I, which indicates its designation for residential use.

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.

How is stamp duty calculated in Sri Amman Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.