Guideline Value for AMBEDKAR ST KAKKANGI ST

Ambedkar St Kakkangi St guideline value

The current guideline value of Ambedkar St Kakkangi St is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village, under the Avadi Sub Registrar Office (SRO), and is classified as Residential Special Type - III.

How the guideline value of Ambedkar St Kakkangi St has changed

The guideline value for Ambedkar St Kakkangi St has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, an increase from Rs 1,200 per sq.ft in 2023, marking an 8% rise. Prior to that, the 2017 revision recorded a value of Rs 804 per sq.ft, which represented a significant increase of 49% from the previous 2012 figure of Rs 1,200 per sq.ft. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33% in the guideline value, while the overall change from 2012 to 2024 shows an increase of 8%. The fluctuations in these values reflect the adjustments made by the Registration Department's guideline value register.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO, with guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median guideline value for these streets is Rs 988 per sq.ft, placing Ambedkar St Kakkangi St's 2024 figure above this median.

• Ambedkar St (Gandhi Nagar): Rs 1,300 per sq.ft (2024)
• Ambedkar St Kamarajapuram: Rs 1,300 per sq.ft (2024)
• Amman Koil St (Ambedkar Nagar): Rs 988 per sq.ft (2024)
• Agathiyar St (M.T.H.Road Easter Side): Rs 988 per sq.ft (2024)
• Angalaparameswari Koil St, Devarajapuram M.T.H.Roa: Rs 988 per sq.ft (2024)
• Annambedu Road: Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar St Kakkangi St

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedkar St Kakkangi St?

The Ambedkar St Kakkangi St is covered by the Avadi Sub Registrar Office. The office is 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 Thandurai

The guideline value is a crucial component in the registration process of property transactions in Thandurai. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property must be registered. This value is particularly important for calculating the financial obligations associated with the transaction, such as stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Ambedkar St Kakkangi St?

The current guideline value of Ambedkar St Kakkangi St is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024. It was Rs 804 per sq.ft in 2017 and Rs 1,200 per sq.ft in 2012.

What is the land classification of Ambedkar St Kakkangi St?

Ambedkar St Kakkangi St is classified as Residential Special Type - III, indicating its designated use for residential purposes.

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

Other streets in Thandurai include Ambedkar St (Gandhi Nagar) and Ambedkar St Kamarajapuram, both valued at Rs 1,300 per sq.ft in 2024, among others with lower values.

Where can I find the registration office for properties in Ambedkar St Kakkangi St?

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