Guideline Value for AMBAL NAGAR

Ambal Nagar guideline value

The current guideline value of Ambal Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Nathanallur village, under the Walajabad Sub Registrar Office (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 seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2017 revision. However, in the 2017 revision, the value was previously Rs 268 per sq.ft, marking a 49% increase from 2017 to 2023. The 2023 revision also maintained the value at Rs 400 per sq.ft, with no change to the current rate effective from 2024.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable, showing a 0% change.

Guideline values in Nathanallur

Nathanallur village has five streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which matches the guideline value for Ambal Nagar.

• Kothai Vanam: Rs 500 per sq.ft (2024)
• Rathinam Nagar (Or) Pss Avenue: Rs 400 per sq.ft (2024)
• Shri Paramaguru Enclave: Rs 250 per sq.ft (2024)
• Sri Krishna Nagar: Rs 500 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 400 per sq.ft, the total guideline value is Rs 4,00,000. The stamp duty at 7% amounts to Rs 28,000, and the registration fee at 2% is Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambal Nagar?

The Sub Registrar Office that covers Ambal Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Nathanallur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. It is important for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Ambal Nagar?

The current guideline value for Ambal Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ambal Nagar has remained at Rs 400 per sq.ft since the 2012 revision, with a notable increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

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

Other streets in Nathanallur include Kothai Vanam at Rs 500 per sq.ft, Rathinam Nagar (Or) Pss Avenue at Rs 400 per sq.ft, Shri Paramaguru Enclave at Rs 250 per sq.ft, and Sri Krishna Nagar at Rs 500 per sq.ft for the year 2024.

What fees are associated with buying property in Ambal Nagar?

When buying property in Ambal Nagar, the fees include a stamp duty of 7% and a registration fee of 2% based on 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 located at Sriperumbudur Road, Walajabad-631 605, in the Chengalpattu registration zone.