Guideline Value for AMBAL NAGAR EXTN

Ambal Nagar Extn guideline value

The current guideline value of Ambal Nagar Extn is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-B village under the Avadi Sub Registrar Office (SRO) and falls under Residential Class II Type - III land classification.

How the guideline value of Ambal Nagar Extn has changed

The guideline value for Ambal Nagar Extn has seen several revisions over the years. The earliest recorded revision is from 2017, where the guideline value was Rs 469 per sq.ft. This increased to Rs 700 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 has set the value at Rs 770 per sq.ft, reflecting a further increase of 10% from the previous year.

There are no recorded figures for the street in the revisions from 2002, 2003, 2007, and 2012. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 1,760 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, which is equal to the current value of Ambal Nagar Extn.

• Ambaal St: Rs 770 per sq.ft (2024)
• Ambedkar Nagar: Rs 770 per sq.ft (2024)
• Almelumangai Nagar Extn-I &b II: Rs 770 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 770 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 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total charges to Rs 69,300. It's important to note that the 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.

Which Sub Registrar Office covers Ambal Nagar Extn?

The Avadi Sub Registrar Office covers Ambal Nagar Extn. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process of property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is documented at a fair value, as it reflects the official assessment of property worth in the area. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Ambal Nagar Extn?

The current guideline value of Ambal Nagar Extn is Rs 770 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 770 per sq.ft in 2024, which is an overall increase of 64%.

What is the land classification for Ambal Nagar Extn?

Ambal Nagar Extn is classified as Residential Class II Type - III.

Where can I find the registration office for Ambal Nagar Extn?

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

How is the stamp duty calculated for property in Ambal Nagar Extn?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,70,000, the stamp duty would be Rs 53,900.