Guideline Value for AMBANI NAGAR -II

Ambani Nagar -II guideline value

The current guideline value of Ambani Nagar -II is Rs 275 per sq.ft, effective from 1 July 2024. This area is located in Athipattu village under the Thiruvottiyur SRO, classified as Residential Class I Type - II.

How the guideline value of Ambani Nagar -II has changed

The guideline value for Ambani Nagar -II has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 275 per sq.ft, an increase from Rs 250 per sq.ft in 2023, which reflects a 10% rise. Prior to that, in 2017, the value was Rs 167 per sq.ft, marking a significant increase of 50% to 2023. Overall, from 2017 to 2024, the guideline value has increased by 65%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Therefore, the guideline values only reflect the revisions from 2017, 2023, and the current 2024 figures.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value in this area is Rs 330 per sq.ft, placing Ambani Nagar -II's current value below this median.

• Alamelu Nagar: Rs 330 per sq.ft (2024)
• Amudham Colony: Rs 330 per sq.ft (2024)
• Amudha Nagar: Rs 330 per sq.ft (2024)
• Anandha Nagar: Rs 330 per sq.ft (2024)
• Andal Thirunagar: Rs 330 per sq.ft (2024)
• Annai Avenue: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Ambani Nagar -II

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value amounts to Rs 2,75,000. The stamp duty at 7% would be Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total fees together to Rs 24,750. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambani Nagar -II?

The Sub Registrar Office that covers Ambani Nagar -II is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Athipattu, as it determines the minimum value at which the property can be registered. This value is essential for calculating the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly, reflecting the official value set by the government. Buyers and sellers should always refer to the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ambani Nagar -II?

The current guideline value of Ambani Nagar -II is Rs 275 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 167 per sq.ft in 2017 to Rs 275 per sq.ft in 2024, reflecting an overall increase of 65% over this period.

What is the stamp duty rate for property in Ambani Nagar -II?

The stamp duty rate for property transactions in Ambani Nagar -II is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Thiruvottiyur Sub Registrar Office?

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

What are the other streets in Athipattu with guideline values?

Other streets in Athipattu include Alamelu Nagar, Amudham Colony, Amudha Nagar, Anandha Nagar, Andal Thirunagar, and Annai Avenue, all with a guideline value of Rs 330 per sq.ft in 2024.