Guideline Value for SRI AMMAN NAGAR

Sri Amman Nagar guideline value

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

How the guideline value of Sri Amman Nagar has changed

In the 2012 revision, the guideline value was set at Rs 150 per sq.ft. This figure remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a decline of 33%. However, in the 2023 revision, the value increased by 50% to Rs 150 per sq.ft, and this figure was maintained in the 2024 revision, which saw no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only revisions available are from 2012, 2017, 2023, and 2024, with the current rate reflecting a stable position since 2023.

Guideline values in Thotakadu

In Thotakadu, there are 10 streets under the Ponneri SRO that carry a 2024 guideline value, all set at Rs 150 per sq.ft, with the median also at Rs 150 per sq.ft. Sri Amman Nagar's 2024 figure aligns with this median.

• Sri Amman Nagar Ext: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total 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, bringing the total charges to Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

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. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thotakadu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair value, which is essential for both the buyer and the seller. It is important to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Amman Nagar?

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

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revision in 2024 maintaining the rate at Rs 150 per sq.ft, the same as in 2023. It previously decreased to Rs 100 per sq.ft in 2017 from Rs 150 per sq.ft in 2012.

What is the stamp duty rate for property in Sri Amman Nagar?

The stamp duty for property in Sri Amman Nagar is set at 7% of the guideline value or the sale price, whichever is higher.

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

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

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the property is recorded at a fair value for both buyers and sellers.