Guideline Value for AMBAL NAGAR 1 TO 24 STREETS

Ambal Nagar 1 To 24 Streets guideline value

The current guideline value for Ambal Nagar 1 To 24 Streets is Rs 4,125 per sq.ft, effective from 1 July 2024. This area is located in Kilkattalai village under the Pallavaram SRO, classified as Mixed Type - I land.

How the guideline value of Ambal Nagar 1 To 24 Streets has changed

The guideline value for Ambal Nagar 1 To 24 Streets has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 4,125 per sq.ft, reflecting a 10% increase from the 2023 revision of Rs 3,750 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 2,512 per sq.ft, which means there was a significant increase of 49% leading up to the 2023 revision. The 2012 revision also had a value of Rs 3,750 per sq.ft, showing a decrease of 33% from the 2017 figure.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from the 2012 revision to the current 2024 revision, the guideline value has increased by 10%.

Guideline values in Kilkattalai

Kilkattalai village has a total of 194 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Ambal Nagar 1 To 24 Streets above this median.

• Ambal Nagar Extension: Rs 4,125 per sq.ft (2024)
• Ambal Nagar Main Road: Rs 4,125 per sq.ft (2024)
• Almighty Nagar: Rs 1,980 per sq.ft (2024)
• Alandur Main Road: Rs 4,125 per sq.ft (2024)
• Alamelumangapuram,1 To 3 Streets: Rs 4,125 per sq.ft (2024)
• Alamelumangapuram 1st M.Road: Rs 4,125 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Nagar 1 To 24 Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 4,125 per sq.ft, the total guideline value would be Rs 41,25,000. The stamp duty at 7% would amount to Rs 2,88,750, and the registration fee at 2% would be Rs 82,500, bringing the total cost to Rs 3,71,250. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambal Nagar 1 To 24 Streets?

The Sub Registrar Office that covers Ambal Nagar 1 To 24 Streets is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kilkattalai. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Ambal Nagar 1 To 24 Streets?

The current guideline value for Ambal Nagar 1 To 24 Streets is Rs 4,125 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,750 per sq.ft in 2023 to Rs 4,125 per sq.ft in 2024, marking a 10% increase. It was Rs 2,512 per sq.ft in 2017, showing a 49% increase to 2023.

What is the land classification for Ambal Nagar 1 To 24 Streets?

The land classification for Ambal Nagar 1 To 24 Streets is Mixed Type - I, which indicates the nature of land use in this area.

Where is the Sub Registrar Office located for this area?

The Sub Registrar Office for Ambal Nagar 1 To 24 Streets is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ambal Nagar 1 To 24 Streets?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applied to the guideline value.