Guideline Value for Sri Amman Nagar

Sri Amman Nagar guideline value

The current guideline value of Sri Amman Nagar, located in Kolapakkam village under the Pammal SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class IV Type - I land classification.

How the guideline value of Sri Amman Nagar has changed

The guideline value for Sri Amman Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no recorded figures for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Sri Amman Nagar is below this median.

• Sri Arunagiriyar Street: Rs 1,650 per sq.ft (2024)
• Sree Kanniyammal Garden Layout: Rs 1,980 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,650 per sq.ft (2024)
• Sri Dhalakshmi Nagar: Rs 3,740 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 2,750 per sq.ft (2024)
• Sri Mahalakshmi Nagar: Rs 2,750 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 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. 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 information.

Which Sub Registrar Office covers Sri Amman Nagar?

The Sri Amman Nagar area is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Kolapakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees payable at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a standard value, preventing undervaluation. This helps maintain transparency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Sri Amman Nagar?

The current guideline value of Sri Amman Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,650 per sq.ft in 2024, marking an overall increase of 64% over the period.

What are the other streets in Kolapakkam and their guideline values?

Other streets in Kolapakkam include Sri Arunagiriyar Street and Sri Balaji Nagar, both at Rs 1,650 per sq.ft, and Sree Kanniyammal Garden Layout at Rs 1,980 per sq.ft among others.

What are the stamp duty and registration fees for properties in Sri Amman Nagar?

The stamp duty for properties in Sri Amman Nagar is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 1,48,500.

Which office handles the registration for Sri Amman Nagar?

The Pammal Sub Registrar Office handles the registration for Sri Amman Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.