Guideline Value for AMBEDKAR SALAI 1 TO 2 STREET

Ambedkar Salai 1 To 2 Street guideline value

The current guideline value for Ambedkar Salai 1 To 2 Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Nanmangalam village, under the Pallavaram SRO, with a land classification of Mixed Type - II.

How the guideline value of Ambedkar Salai 1 To 2 Street has changed

Over the years, the guideline value for Ambedkar Salai 1 To 2 Street has seen several revisions. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value back to Rs 3,000 per sq.ft, and the latest 2024 revision raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year. The register has no figure for this street in the years 2002, 2003, and 2007.

From the 2012 revision to the 2024 revision, the overall change has been an increase of 10%. Notably, the jump from Rs 2,010 per sq.ft in 2017 to Rs 3,000 per sq.ft in 2023 represents a significant increase of 49%.

Guideline values in Nanmangalam

Nanmangalam village has a total of 139 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 1,960 to Rs 3,850 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, placing Ambedkar Salai 1 To 2 Street's current value above this median.

• Ambedkar Salai: Rs 3,300 per sq.ft (2024)
• Alandur Main Road: Rs 3,850 per sq.ft (2024)
• Ananthpadmanabhan Avenue: Rs 3,300 per sq.ft (2024)
• Anna Cross Street: Rs 1,960 per sq.ft (2024)
• Abinanthan Nagar: Rs 2,750 per sq.ft (2024)
• ANNA Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Salai 1 To 2 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambedkar Salai 1 To 2 Street?

The Sub Registrar Office that covers Ambedkar Salai 1 To 2 Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Nanmangalam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that must be paid, ensuring that the transaction is officially recorded.

It is important to note that the guideline value is set by the government and is subject to periodic revisions. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Ambedkar Salai 1 To 2 Street?

The current guideline value of Ambedkar Salai 1 To 2 Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, marking a 10% increase. The value was Rs 2,010 per sq.ft in 2017, which shows a 49% increase to 2023.

What is the registration office for Ambedkar Salai 1 To 2 Street?

The registration office for Ambedkar Salai 1 To 2 Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

What are the stamp duty rates applicable?

The stamp duty rate applicable is 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.

How many streets in Nanmangalam have a guideline value?

There are 139 streets in Nanmangalam under the Pallavaram SRO that have a guideline value, with values ranging from Rs 1,960 to Rs 3,850 per sq.ft.