Guideline Value for AMBAL NAGAR MAIN ROAD

Ambal Nagar Main Road guideline value

The current guideline value of Ambal Nagar Main Road is Rs 8,250 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Ambal Nagar Main Road has changed

Since the year 2002, the guideline value for Ambal Nagar Main Road has seen significant changes. In 2002, the value was Rs 385 per sq.ft, which increased to Rs 444 per sq.ft in 2003, marking a 15% rise. The value then surged dramatically to Rs 3,719 per sq.ft in 2007, representing a remarkable increase of 738%. Following this, the value was revised to Rs 7,500 per sq.ft in 2012, reflecting a 102% increase from the previous figure. However, in 2017, the value decreased to Rs 5,025 per sq.ft, a drop of 33%. The value then rose to Rs 7,500 per sq.ft in 2023, followed by the current rate of Rs 8,250 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2043%. The register has no figures for the years not mentioned in this summary.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft, with a median value of Rs 4,620 per sq.ft. Ambal Nagar Main Road's 2024 figure of Rs 8,250 per sq.ft is above this median.

• Ambal Nagar 2nd Street: Rs 5,500 per sq.ft (2024)
• Ambal Nagar 1st Street: Rs 5,500 per sq.ft (2024)
• Agathiar Street: Rs 4,620 per sq.ft (2024)
• Anbu Street: Rs 3,080 per sq.ft (2024)
• Adisan Nagar: Rs 4,620 per sq.ft (2024)
• Achuthan Nagar 6th Cross St: Rs 4,950 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,250 per sq.ft, the total guideline value amounts to Rs 82,50,000. The stamp duty at 7% would be Rs 5,77,500, and the registration fee at 2% would be Rs 1,65,000, bringing the total charges to Rs 7,42,500. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambal Nagar Main Road?

The Sub Registrar Office that covers Ambal Nagar Main Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Ekkaduthangal. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the costs associated with registration. Buyers should ensure that they are prepared for these costs, which are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ambal Nagar Main Road?

The current guideline value of Ambal Nagar Main Road is Rs 8,250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 385 per sq.ft in 2002 to Rs 8,250 per sq.ft in 2024, marking an overall increase of 2043% over this period.

What is the land classification for Ambal Nagar Main Road?

Ambal Nagar Main Road is classified as Commercial Class I Type - I, indicating its commercial usage potential.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 82,50,000, the stamp duty would be Rs 5,77,500 and the registration fee would be Rs 1,65,000, totaling Rs 7,42,500.

Which office handles registrations for Ambal Nagar Main Road?

The Chennai South Joint I Sub Registrar Office handles registrations for Ambal Nagar Main Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.