Guideline Value for Sri Amman Nagar

Sri Amman Nagar guideline value

The current guideline value of Sri Amman Nagar, located in Atanancheri village under the Gooduvancheri SRO, is Rs 400 per sq.ft as per the 2024 revision, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

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 2007 revision set the value at Rs 160 per sq.ft, which increased significantly to Rs 400 per sq.ft in the 2012 revision. However, in the 2017 revision, the value adjusted to Rs 268 per sq.ft, marking a decrease of 33%. From 2017 to 2023, the value rose by 49% to reach Rs 400 per sq.ft, which has remained unchanged in the 2024 revision.

Notably, the revisions for the years 2002 and 2003 do not have any figures recorded for this street. Overall, from 2007 to 2024, the guideline value has increased by 150%.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft, with a median value of Rs 700 per sq.ft. The guideline value of Sri Amman Nagar is below this median.

• Sri Balaji Nagar: Rs 700 per sq.ft (2024)
• S.M.Nagar Phase -II: Rs 670 per sq.ft (2024)
• S.M.Nagar Phase-I: Rs 670 per sq.ft (2024)
• S.M.Nagar: Rs 670 per sq.ft (2024)
• Sri Drowpathi Amman Nagar: Rs 700 per sq.ft (2024)
• Sri Ganapathi Nagar: Rs 800 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Amman Nagar?

The Sub Registrar Office covering Sri Amman Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Atanancheri. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value for taxation purposes.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transfer of ownership. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction.

Frequently asked questions

What is the current guideline value of Sri Amman Nagar?

The current guideline value of Sri Amman Nagar is Rs 400 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revisions showing a stable value of Rs 400 per sq.ft since 2012, after a significant increase from Rs 160 per sq.ft in 2007.

What is the land classification for Sri Amman Nagar?

Sri Amman Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development within the area.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 4,00,000, the stamp duty at 7% would amount to Rs 28,000.