Guideline Value for AMBAL NAGAR

Ambal Nagar guideline value

The current guideline value of Ambal Nagar, located in Sirunallur village under the Madurandakam SRO, is Rs 150 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Ambal Nagar has changed

Over the years, the guideline value of Ambal Nagar has seen several revisions. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision marked a decrease to Rs 100 per sq.ft, a 33% drop from the previous figure. From 2017 to 2023, the value increased by 50%, bringing it back to Rs 150 per sq.ft.

The latest revision in 2024 again maintains the guideline value at Rs 150 per sq.ft, showing no change from the 2023 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Sirunallur

In Sirunallur village, there are 16 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 400 per sq.ft, with a median value of Rs 175 per sq.ft. The guideline value of Ambal Nagar is below this median.

• Dhanabakkiyam Nagar: Rs 300 per sq.ft (2024)
• Mahalakshmi Nagar: Rs 200 per sq.ft (2024)
• Maharishi Vedhathiri Nagar: Rs 102 per sq.ft (2024)
• Ram Nagar: Rs 250 per sq.ft (2024)
• Sai Serveshwara Garden: Rs 250 per sq.ft (2024)
• Shakthi Nagar: Rs 102 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, 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 Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process when buying or selling property in Sirunallur. It determines the stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is crucial for buyers and sellers as it affects the overall cost of property transactions. It ensures that the property is registered at a value that reflects the current market conditions as set by the registration authorities.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

The current guideline value of Ambal Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained Rs 150 per sq.ft in 2012, 2023, and 2024. It decreased to Rs 100 per sq.ft in 2017, then increased by 50% to return to Rs 150 per sq.ft by 2023.

What is the median guideline value in Sirunallur?

The median guideline value in Sirunallur is Rs 175 per sq.ft, with values ranging from Rs 100 to Rs 400 per sq.ft across 16 streets.

What are the stamp duty rates for properties in Ambal Nagar?

The stamp duty rate for properties in Ambal Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ambal Nagar located?

The Madurandakam Sub Registrar Office, which covers Ambal Nagar, is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.