Guideline Value for AMBEDKAR ST KAMARAJAPURAM

Ambedkar St Kamarajapuram guideline value

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

How the guideline value of Ambedkar St Kamarajapuram has changed

Over the years, the guideline value for Ambedkar St Kamarajapuram has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 804 per sq.ft. However, the value increased significantly to Rs 1,200 per sq.ft in 2023, followed by a further increase to Rs 1,300 per sq.ft in 2024. The register has no figures for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but the value rose by 49% from 2017 to 2023. The overall change from 2012 to 2024 shows an increase of 8%. The most recent increase from 2023 to 2024 is 8% as well.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,640 per sq.ft, with a median value of Rs 988 per sq.ft. Ambedkar St Kamarajapuram's 2024 guideline value is above this median.

• Ambedkar St Kakkangi St: Rs 1,300 per sq.ft (2024)
• Ambedkar St (Gandhi Nagar): 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 Kamarajapuram

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, and the registration fee at 2% would be Rs 26,000, leading to a total of Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedkar St Kamarajapuram?

The Ambedkar St Kamarajapuram area is covered by the Avadi Sub Registrar Office, 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 plays a crucial role in the registration process when buying or selling property in Thandurai. It serves as a base for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ambedkar St Kamarajapuram?

The current guideline value of Ambedkar St Kamarajapuram 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 several times, with the most recent increase from Rs 1,200 per sq.ft in 2023 to Rs 1,300 per sq.ft in 2024. The value also saw a significant rise from Rs 804 per sq.ft in 2017 to Rs 1,200 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Ambedkar St Kamarajapuram?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000. These fees are calculated based on the guideline value.

Which Sub Registrar Office covers this area?

The Avadi Sub Registrar Office covers Ambedkar St Kamarajapuram, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification for Ambedkar St Kamarajapuram?

The land classification for Ambedkar St Kamarajapuram is Residential Special Type - III, indicating its designated use for residential purposes.