Guideline Value for AAMBAL NAGAR

Aambal Nagar guideline value

The current guideline value of Aambal Nagar, located in Thachoor_2 village under the Ponneri SRO, is Rs 800 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Aambal Nagar has changed

According to the guideline value register, there have been no figures recorded for Aambal Nagar in the revisions from 2002, 2003, 2007, 2012, and 2017. The 2023 revision also listed the guideline value at Rs 800 per sq.ft, which remained unchanged in the 2024 revision.

From 2023 to 2024, the guideline value did not change, maintaining a consistent rate of Rs 800 per sq.ft. This stability in the guideline value indicates no fluctuations in the valuation for Aambal Nagar over these two years.

Guideline values in Thachoor_2

In Thachoor_2, there are 40 streets under the Ponneri SRO with 2024 guideline values ranging from Rs 202 to Rs 1,800 per sq.ft. The median guideline value for these streets is Rs 600 per sq.ft, placing Aambal Nagar's 2024 figure above that median.

• Amudhan Nagar: Rs 400 per sq.ft (2024)
• Balasubramaniyam Nagar: Rs 1,195 per sq.ft (2024)
• Ganesh Garden: Rs 800 per sq.ft (2024)
• Gorti Green Garden: Rs 400 per sq.ft (2024)
• Illaihi Nagar: Rs 400 per sq.ft (2024)
• Jai Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Aambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. It is important to note that 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 details on fees applicable to your property transaction.

Which Sub Registrar Office covers Aambal Nagar?

Aambal Nagar falls under the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thachoor_2

The guideline value plays a crucial role in property transactions in Thachoor_2, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the region.

Frequently asked questions

What is the current guideline value of Aambal Nagar?

The current guideline value of Aambal Nagar is Rs 800 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 remained consistent at Rs 800 per sq.ft from the 2023 revision to the 2024 revision. There are no recorded figures for Aambal Nagar in revisions prior to 2023.

What is the land classification for Aambal Nagar?

The land classification for Aambal Nagar is Residential Special Type - I, indicating its designation for residential development.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles registrations for properties in Aambal Nagar.

How is stamp duty calculated for properties in Aambal Nagar?

Stamp duty for properties in Aambal Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.