Guideline Value for AMBEDKAR SALAI

Ambedkar Salai guideline value

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

How the guideline value of Ambedkar Salai has changed

The guideline value for Ambedkar Salai has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the most recent 2024 revision raised it to Rs 3,300 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Nanmangalam

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

• Ambedkar Salai 1 To 2 Street: 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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 Ambedkar Salai?

The Sub Registrar Office covering Ambedkar Salai 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 is a crucial factor during the registration of property transactions in Nanmangalam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling a property, the guideline value helps in determining the minimum value at which the property can be registered. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Ambedkar Salai?

The current guideline value of Ambedkar Salai 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 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What are the other streets in Nanmangalam with their guideline values?

Other streets in Nanmangalam include Alandur Main Road at Rs 3,850 per sq.ft, Ananthpadmanabhan Avenue at Rs 3,300 per sq.ft, and Anna Cross Street at Rs 1,960 per sq.ft, among others.

What is the registration fee for property in Ambedkar Salai?

The registration fee for property in Ambedkar Salai is calculated based on the guideline value. For example, a property valued at Rs 33,00,000 would incur a registration fee of Rs 66,000 at 2%.

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

The Sub Registrar Office for Ambedkar Salai is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can find more details by visiting the appropriate link.