Guideline Value

Corporate

Guideline Value for AMBAL STREET

₹330/sq.ft.

The guideline value for Ambal Street in Nanthiambakkam village (Thiruvottiyur SRO, Chennai zone) is Rs 330 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nanthiambakkam

Village

Thiruvottiyur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹330 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹50 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹39 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹33 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Ambal Street guideline value

The current guideline value of Ambal Street in Nanthiambakkam village, under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This street falls under the Residential Special Type - II land classification.

How the guideline value of Ambal Street has changed

The guideline value for Ambal Street has seen significant changes over the years. The earliest recorded figure is from 2002, with a value of Rs 33 per sq.ft. This increased to Rs 39 per sq.ft in 2003, marking an 18% rise. By 2007, the value had jumped to Rs 50 per sq.ft, a 28% increase from the previous revision. The 2012 revision saw a substantial rise to Rs 300 per sq.ft, reflecting a 500% increase. However, this value dropped to Rs 201 per sq.ft in 2017, a decrease of 33%. The guideline value then rose to Rs 300 per sq.ft in 2023, before reaching the current figure of Rs 330 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 900%. There are no figures available for the years not mentioned in the register for Ambal Street.

Guideline values in Nanthiambakkam

In Nanthiambakkam, there are 85 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 770 per sq.ft. The median guideline value for these streets is Rs 330 per sq.ft, which matches the current value of Ambal Street.

Stamp duty and registration fee for property in Ambal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total cost for these fees to Rs 29,700. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ambal Street?

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

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

The guideline value plays a crucial role when buying or selling property in Nanthiambakkam. It is the value set by the government for the purpose of calculating stamp duty and registration fees during property transactions. Buyers and sellers should be aware that the guideline value is used to determine the minimum price at which a property can be registered.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ambal Street?

The current guideline value of Ambal Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 33 per sq.ft in 2002 to Rs 330 per sq.ft in 2024, reflecting a total increase of 900% over the years.

What are the other streets in Nanthiambakkam with the same guideline value?

Several other streets in Nanthiambakkam also have a guideline value of Rs 330 per sq.ft in 2024, including A.K.M. Nagar, Anand Nagar, Annai Avenue, Annai Rathinamani Nagar/Avenue, and Anna Nagar.

What fees are associated with property transactions on Ambal Street?

For a property transaction on Ambal Street, the stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft property, the total fees would amount to Rs 29,700.

Where can I find the Sub Registrar Office for Ambal Street?

The Sub Registrar Office for Ambal Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.