Guideline Value for AMBEDKAR ROAD (A) GANTZ ROAD

Ambedkar Road (A) Gantz Road guideline value

The current guideline value of Ambedkar Road (A) Gantz Road is Rs 5,500 per sq.ft. This street is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Ambedkar Road (A) Gantz Road has changed

The guideline value for Ambedkar Road (A) Gantz Road has seen several revisions over the years. The earliest recorded revision is from 2003, where the guideline value was Rs 917 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in 2007, marking an increase of 118%. In 2012, the value rose to Rs 5,000 per sq.ft, which was a substantial increase of 150%. However, in 2017, it dropped to Rs 3,350 per sq.ft, reflecting a decrease of 33%. The value then increased again to Rs 5,000 per sq.ft in 2023, before reaching the current rate of Rs 5,500 per sq.ft in the 2024 revision, which is an increase of 10% from the previous year. Notably, there is no recorded figure for the year 2002 for this street.

Overall, from 2003 to 2024, the guideline value has increased by 500%. The changes in guideline values reflect the fluctuations over the years, with the most significant increase occurring between 2007 and 2012, and the most recent increase from 2023 to 2024 being a modest 10%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Ambedkar Road (A) Gantz Road's 2024 guideline value of Rs 5,500 per sq.ft is notably above this median.

• Ambedkar Street: Rs 2,700 per sq.ft (2024)
• Ammaiyi Ammal Lane: Rs 3,800 per sq.ft (2024)
• Amman Koil 1st Lane: Rs 2,700 per sq.ft (2024)
• Amman Koil 2nd Lane: Rs 2,700 per sq.ft (2024)
• Amman Koil Street: Rs 2,700 per sq.ft (2024)
• Alexander Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Road (A) Gantz Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedkar Road (A) Gantz Road?

The Sub Registrar Office that covers Ambedkar Road (A) Gantz Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ambedkar Road (A) Gantz Road?

The current guideline value of Ambedkar Road (A) Gantz Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 917 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 500% over the years.

What is the land classification for Ambedkar Road (A) Gantz Road?

The land classification for Ambedkar Road (A) Gantz Road is Commercial Class I Type - I, indicating its commercial usage.

Where can I find the Sub Registrar Office for this area?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, which covers Ambedkar Road (A) Gantz Road.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, on a property valued at Rs 5,500 per sq.ft, the stamp duty and registration fees are calculated accordingly.