Guideline Value for AMBEDKAR NAGAR

Ambedkar Nagar guideline value

The current guideline value of Ambedkar Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village, under the Avadi Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - III.

How the guideline value of Ambedkar Nagar has changed

The guideline value for Ambedkar Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision. The current rate of Rs 750 per sq.ft reflects a 7% increase from the previous year's figure.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the 2024 figure for Ambedkar Nagar.

• Ambal Nagar Extn: Rs 750 per sq.ft (2024)
• Ambaal St: Rs 750 per sq.ft (2024)
• Ambigai Amman Nagar: Rs 440 per sq.ft (2024)
• Ambigai Amman Nagar / R.S. Ambigai Amman: Rs 750 per sq.ft (2024)
• Ambigai Amman Nagar &streets: Rs 750 per sq.ft (2024)
• Ambigapuram: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, making the total cost for these charges Rs 67,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambedkar Nagar?

The Sub Registrar Office that covers Ambedkar Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value plays a crucial role in property transactions in Thiruninravur-A. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area. This ensures that the fees are calculated based on the official valuation of the property rather than the negotiated sale price.

When selling property, the guideline value helps establish a baseline for the transaction, ensuring that both parties are aware of the official valuation. This can aid in negotiations and provide clarity during the registration process.

Frequently asked questions

What is the current guideline value of Ambedkar Nagar?

The current guideline value of Ambedkar Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and now it stands at Rs 750 per sq.ft in 2024. This represents an overall increase of 60% from 2017 to 2024.

Where can I find the Sub Registrar Office for Ambedkar Nagar?

The Sub Registrar Office for Ambedkar Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What are the stamp duty and registration fees for property in Ambedkar Nagar?

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500. These charges are based on the guideline value or the sale price, whichever is higher.

What is the land classification for Ambedkar Nagar?

The land classification for Ambedkar Nagar is Residential Class II Type - III, indicating its designation for residential use.