Guideline Value for AMBAL NAGAR EXTN

Ambal Nagar Extn guideline value

The current guideline value of Ambal Nagar Extn is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village, under the Avadi SRO, and is classified as Residential Class II Type - III.

How the guideline value of Ambal Nagar Extn has changed

The guideline value for Ambal Nagar Extn has seen significant changes over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 further increased the value to Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft, with the median value being Rs 750 per sq.ft. The guideline value for Ambal Nagar Extn is equal to this median value.

• Ambaal St: Rs 750 per sq.ft (2024)
• Ambedkar Nagar: Rs 750 per sq.ft (2024)
• Almelumangai Nagar Extn-I & II: Rs 750 per sq.ft (2024)
• Alexandar St: Rs 440 per sq.ft (2024)
• Ambigai Amman Nagar: Rs 440 per sq.ft (2024)
• Ambigai Amman Nagar / R.S. Ambigai Amman: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total fees together Rs 67,500. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambal Nagar Extn?

The Ambal Nagar Extn is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thiruninravur-A. It is the benchmark used to calculate the stamp duty and registration fees that buyers must pay when acquiring property.

When selling property, the guideline value is also considered to determine the minimum price at which the property can be registered. This ensures that all transactions reflect a fair value as per the government’s assessment.

Frequently asked questions

What is the current guideline value of Ambal Nagar Extn?

The current guideline value of Ambal Nagar Extn is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 60%, from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024. The 2023 revision saw an increase of 7% from the previous year.

What are the other streets with the same guideline value in Thiruninravur-A?

Other streets in Thiruninravur-A with the same guideline value of Rs 750 per sq.ft include Ambaal St, Ambedkar Nagar, and Ambigai Amman Nagar / R.S. Ambigai Amman.

What are the stamp duty and registration fees for property in Ambal Nagar Extn?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Ambal Nagar Extn?

The registration for Ambal Nagar Extn is handled by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.