Guideline Value for AMBEDKAR NAGAR

Ambedkar Nagar guideline value

The current guideline value of Ambedkar Nagar is Rs 100 per sq.ft, as per the 2024 revision effective from 1 July 2024. This area is located in Kendiracherry village under the Madurandakam SRO, classified as Residential Class I Type - I.

How the guideline value of Ambedkar Nagar has changed

The guideline value of Ambedkar Nagar has seen several revisions over the years. In the 2012 revision, the value was set at Rs 100 per sq.ft. It then decreased to Rs 67 per sq.ft in the 2017 revision, marking a 33% decline. However, from 2017 to 2023, the value increased by 49%, bringing it back to Rs 100 per sq.ft. The 2023 revision maintained the same value of Rs 100 per sq.ft, and the 2024 revision also reflects this unchanged rate.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Ambedkar Nagar. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 100 per sq.ft.

Guideline values in Kendiracherry

In Kendiracherry, there are 17 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft, with a median value of Rs 100 per sq.ft. The guideline value for Ambedkar Nagar is equal to this median.

• Dhanam Nagar: Rs 100 per sq.ft (2024)
• Green Park: Rs 100 per sq.ft (2024)
• Iyshwarya city: Rs 100 per sq.ft (2024)
• Iyshwarya City II: Rs 100 per sq.ft (2024)
• Iyshwarya City III: Rs 100 per sq.ft (2024)
• Iyshwarya City IV: Rs 100 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 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty is charged at 7%, resulting in Rs 7,000, while the registration fee is 2%, amounting to Rs 2,000. Therefore, the total cost for stamp duty and registration fees would be Rs 9,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ambedkar Nagar?

The Sub Registrar Office that covers Ambedkar Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when buying or selling property in Kendiracherry. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers must refer to the guideline value to ensure compliance with the legal requirements for property registration.

When registering a property, the guideline value serves as a benchmark for assessing the transaction's value. It is essential 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 of Ambedkar Nagar?

The current guideline value of Ambedkar Nagar is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft in the 2012, 2023, and 2024 revisions. It decreased to Rs 67 per sq.ft in 2017 and increased by 49% from 2017 to 2023.

What is the land classification for Ambedkar Nagar?

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

Where is the Sub Registrar Office for Ambedkar Nagar located?

The Madurandakam Sub Registrar Office is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ambedkar Nagar?

Stamp duty for properties in Ambedkar Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies.