Guideline Value for AMBAL NAGAR/EXT

Ambal Nagar/Ext guideline value

The current guideline value of Ambal Nagar/Ext is Rs 715 per sq.ft, effective from 1 July 2024. This area is located in Vellivoyal village and falls under the Thiruvottiyur SRO. The land classification for this street is Residential Class I Type - I.

How the guideline value of Ambal Nagar/Ext has changed

Over the years, the guideline value of Ambal Nagar/Ext has seen significant changes. The 2017 revision recorded a guideline value of Rs 435 per sq.ft. This increased to Rs 650 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 has set the guideline value at Rs 715 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Vellivoyal

In Vellivoyal, there are 23 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 275 to Rs 715 per sq.ft. The median guideline value for these streets is Rs 440 per sq.ft, placing Ambal Nagar/Ext's 2024 figure above that median.

• Al Mass Nagar: Rs 550 per sq.ft (2024)
• Asirvadham Nagar: Rs 440 per sq.ft (2024)
• Charles Nagar: Rs 440 per sq.ft (2024)
• Devi Karumari Nagar/ Ext: Rs 495 per sq.ft (2024)
• Durugan Colony: Rs 550 per sq.ft (2024)
• Ekkal Colony: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Nagar/Ext

For a 1,000 sq.ft plot at the current guideline value of Rs 715 per sq.ft, the total guideline value amounts to Rs 7,15,000. The stamp duty at 7% would be Rs 50,050, and the registration fee at 2% would be Rs 14,300, bringing the total cost for these fees to Rs 64,350. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambal Nagar/Ext?

The Sub Registrar Office that covers Ambal Nagar/Ext is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Vellivoyal. It serves as a benchmark for determining the value of the property being transacted, ensuring that the registration fees and stamp duties are calculated accurately.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Ambal Nagar/Ext?

The current guideline value of Ambal Nagar/Ext is Rs 715 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 435 per sq.ft to Rs 715 per sq.ft in 2024, reflecting an overall increase of 64%.

What is the stamp duty rate for property in Ambal Nagar/Ext?

The stamp duty rate for property in Ambal Nagar/Ext is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Ambal Nagar/Ext?

The Thiruvottiyur Sub Registrar Office covers Ambal Nagar/Ext, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the guideline values of other streets in Vellivoyal?

Other streets in Vellivoyal have varying guideline values, with figures ranging from Rs 275 to Rs 715 per sq.ft. For example, Al Mass Nagar has a guideline value of Rs 550 per sq.ft, while Asirvadham Nagar and Charles Nagar both have a value of Rs 440 per sq.ft.