Guideline Value for AMBAL GREEN CITY EXTENSION

Ambal Green City Extension guideline value

The current guideline value of Ambal Green City Extension is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Kannampalayam village, under the Kunrathur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ambal Green City Extension has changed

The guideline value for Ambal Green City Extension has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was then reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 800 per sq.ft, and the latest revision in 2024 raised it further to Rs 880 per sq.ft, marking a 10% increase from the previous year.

In terms of changes, the guideline value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kannampalayam

Kannampalayam has 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 765 to Rs 4,000 per sq.ft, with a median value of Rs 1,375 per sq.ft. The guideline value of Ambal Green City Extension is below this median.

• Ambal Green City: Rs 880 per sq.ft (2024)
• Alcherry Main Road: Rs 990 per sq.ft (2024)
• Adhithra Garden: Rs 1,540 per sq.ft (2024)
• Annai Indra Gandhi Nagar: Rs 880 per sq.ft (2024)
• Annai Nagar Phase-I: Rs 1,970 per sq.ft (2024)
• Annai Nagar Phase II: Rs 1,970 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Green City Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambal Green City Extension?

The Sub Registrar Office that covers Ambal Green City Extension 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 plays a crucial role in the registration process when buying or selling property in Kannampalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the buyer must pay stamp duty and registration fees 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 area.

Frequently asked questions

What is the current guideline value of Ambal Green City Extension?

The current guideline value of Ambal Green City Extension is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the land classification of Ambal Green City Extension?

Ambal Green City Extension is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where is the Sub Registrar Office for Ambal Green City Extension located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069, and it handles registrations for Ambal Green City Extension.