Guideline Value for Unnamalai Amman Nagar

Unnamalai Amman Nagar guideline value

The current guideline value of Unnamalai Amman Nagar is Rs 765 per sq.ft, effective from 1 July 2024. This area is located in Kannampalayam village and falls under the Kunrathur SRO. The land classification for this street is Residential Class I Type - III.

How the guideline value of Unnamalai Amman Nagar has changed

The guideline value for Unnamalai Amman Nagar has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2012. However, it then decreased to Rs 469 per sq.ft in 2017. The value rose again to Rs 700 per sq.ft in 2023, and most recently, it has increased to Rs 765 per sq.ft in 2024, reflecting a change of +9% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by +283%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Kannampalayam

Kannampalayam village has a range of guideline values across its 75 streets under the Kunrathur SRO, with values ranging from Rs 765 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, placing Unnamalai Amman Nagar's 2024 figure below this median.

• Vallalar Nagar: Rs 880 per sq.ft (2024)
• V.G.N. Nagar: Rs 1,210 per sq.ft (2024)
• V.G.V. Nagar: Rs 1,210 per sq.ft (2024)
• V.G.V. Nagar Extension: Rs 1,210 per sq.ft (2024)
• V.G.V. Nagar Extension II: Rs 1,210 per sq.ft (2024)
• Sri Padmavathi Nagar: Rs 885 per sq.ft (2024)

Stamp duty and registration fee for property in Unnamalai Amman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 765 per sq.ft, the total guideline value would be Rs 7,65,000. The stamp duty at 7% would amount to Rs 53,550, and the registration fee at 2% would be Rs 15,300, bringing the total fees to Rs 68,850. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Unnamalai Amman Nagar?

The Sub Registrar Office that covers Unnamalai Amman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kannampalayam. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value to ensure that they are paying a fair amount in taxes and fees during the registration process.

Frequently asked questions

What is the current guideline value of Unnamalai Amman Nagar?

The current guideline value of Unnamalai Amman Nagar is Rs 765 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 765 per sq.ft in 2024, reflecting an overall increase of +283% over this period.

What is the land classification for Unnamalai Amman Nagar?

The land classification for Unnamalai Amman Nagar is Residential Class I Type - III.

Where can I find the registration office for Unnamalai Amman Nagar?

The registration office for Unnamalai Amman Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for property in Unnamalai Amman Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,65,000, the stamp duty would be Rs 53,550 at a rate of 7%.