Guideline Value for AMBAL NAGAR

Ambal Nagar guideline value

The current guideline value of Ambal Nagar, located in Pazhanthandalam village under the Padappai SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Ambal Nagar has changed

The guideline value for Ambal Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, which is a further increase of 10% from the previous year.

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

Guideline values in Pazhanthandalam

Pazhanthandalam village has 57 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 1,980 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, making Ambal Nagar's current value equal to this median.

• Arul Murugan Nagar: Rs 770 per sq.ft (2024)
• Bhuvaneswari Nagar: Rs 770 per sq.ft (2024)
• Doss Avenue: Rs 1,100 per sq.ft (2024)
• Green Bay Layout: Rs 770 per sq.ft (2024)
• G.T.Enclave: Rs 1,100 per sq.ft (2024)
• Guru Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value is Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000. Together, these fees amount to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ambal Nagar?

The Sub Registrar Office that covers Ambal Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Pazhanthandalam. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential costs associated with the transaction. Buyers should be aware of these values to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

The current guideline value of Ambal Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, marking a total increase of 64% over this period.

What are the other streets in Pazhanthandalam with their guideline values?

Other streets in Pazhanthandalam include Arul Murugan Nagar and Bhuvaneswari Nagar at Rs 770 per sq.ft, while Doss Avenue, G.T.Enclave, and Guru Nagar are at Rs 1,100 per sq.ft.

What fees are associated with buying property in Ambal Nagar?

When buying property in Ambal Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ambal Nagar located?

The Sub Registrar Office for Ambal Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.