Guideline Value for AMBAL NAGAR

Ambal Nagar guideline value

The current guideline value of Ambal Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Chitthalapakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of Ambal Nagar has changed

The guideline value for Ambal Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, the value rebounded significantly in the 2023 revision to Rs 2,500 per sq.ft, and further increased to Rs 2,700 per sq.ft in the 2024 revision, reflecting an 8% rise from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 8%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft, with a median value of Rs 2,900 per sq.ft. Ambal Nagar's 2024 guideline value is below this median.

• Ambethkar Street: Rs 2,700 per sq.ft (2024)
• Amudhas Green Layout: Rs 3,330 per sq.ft (2024)
• Amutha Nagar: Rs 2,450 per sq.ft (2024)
• Adp Avenue: Rs 1,300 per sq.ft (2024)
• Aravindar Enclave: Rs 1,950 per sq.ft (2024)
• Aravind Avenue: Rs 2,950 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 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000. Together, the total cost for these fees would be Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Ambal Nagar?

The Sub Registrar Office that covers Ambal Nagar is the Selaiyur Sub Registrar Office. The office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Chitthalapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher, which can significantly affect the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

The current guideline value of Ambal Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification of Ambal Nagar?

Ambal Nagar is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees in Ambal Nagar?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Where is the Sub Registrar Office for Ambal Nagar located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.