Guideline Value for Sri Amman Nagar

Sri Amman Nagar guideline value

The current guideline value of Sri Amman Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in the village of Mangadu -A, under the Kunrathur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Sri Amman Nagar has changed

The guideline value of Sri Amman Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 raised the guideline value to Rs 1,540 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 1,870 per sq.ft, placing Sri Amman Nagar's 2024 figure below that median.

• Sri Ambal Venkateswara Avenue: Rs 2,200 per sq.ft (2024)
• Sri Ambal Nagar Venkateswara Avenue: Rs 2,200 per sq.ft (2024)
• Sri Ambal Nagar Manali Ramakrishna Avenue Phase II: Rs 2,200 per sq.ft (2024)
• Sri Ambal Nagar Manali Ramakrishna Avenue: Rs 2,200 per sq.ft (2024)
• Sri Ambal Nagar Extension I to VIII: Rs 2,200 per sq.ft (2024)
• Sri Ambal Gajalakshmi Nagar Phase I to IV: Rs 2,200 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 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Amman Nagar?

The Sri Amman Nagar area falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor when registering a property in Mangadu -A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling a property, the guideline value will be used to calculate the applicable charges. Buyers should be aware that the registration process will consider the guideline value or the sale price, whichever is higher, to determine the final fees.

Frequently asked questions

What is the current guideline value of Sri Amman Nagar?

The current guideline value of Sri Amman Nagar is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 938 per sq.ft in 2017 to Rs 1,540 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the median guideline value in Mangadu -A?

The median guideline value for streets in Mangadu -A is Rs 1,870 per sq.ft, which is higher than the current value of Sri Amman Nagar.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,38,600.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in the Sri Amman Nagar area.