Guideline Value for Sri Amman Nagar

Sri Amman Nagar guideline value

The current guideline value of Sri Amman Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Madanandapuram village under the Kunrathur SRO, classified as Residential Special Type - II.

How the guideline value of Sri Amman Nagar has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 800 per sq.ft, which increased to Rs 3,200 per sq.ft in 2012, marking a substantial rise of 300%. However, from 2012 to 2017, the value decreased to Rs 2,144 per sq.ft, reflecting a drop of 33%. The value then rose to Rs 3,200 per sq.ft in 2023, a 49% increase, and has now reached Rs 3,520 per sq.ft in 2024, a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 340%.

Guideline values in Madanandapuram

Madanandapuram village has a total of 94 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,530 to Rs 5,830 per sq.ft. The median value is Rs 3,520 per sq.ft, making the guideline value of Sri Amman Nagar equal to this median.

• Sri Annai Avenue: Rs 3,520 per sq.ft (2024)
• Sri Moogambigai Nagar: Rs 3,520 per sq.ft (2024)
• Sri Muthu mariyamman Nagar: Rs 3,520 per sq.ft (2024)
• Sri Muthu Nagar: Rs 3,520 per sq.ft (2024)
• Sri Natarajan Nagar: Rs 3,520 per sq.ft (2024)
• Sri Rajarajeswari Nagar: Rs 3,190 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 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Amman Nagar?

The Sub Registrar Office that covers Sri Amman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Madanandapuram. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. This ensures that both parties are informed about the financial implications of the sale or purchase.

Frequently asked questions

What is the current guideline value of Sri Amman Nagar?

The current guideline value of Sri Amman Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly from Rs 800 per sq.ft in 2007 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of 340% over the years.

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

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which Sub Registrar Office covers Sri Amman Nagar?

The Kunrathur Sub Registrar Office covers Sri Amman Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined for properties in Madanandapuram?

The guideline value for properties in Madanandapuram is determined based on various factors, including land classification and the current market conditions, as recorded in the guideline value register by the Registration Department.