Guideline Value for AMBEDKAR STREET (WARD -1)

Ambedkar Street (Ward -1) guideline value

The current guideline value of Ambedkar Street (Ward -1) in Thailavaram village is Rs 660 per sq.ft, effective from 1 July 2024. This street falls under the Chengleput Joint II SRO and is classified as Residential Class II Type - I.

How the guideline value of Ambedkar Street (Ward -1) has changed

The guideline value for Ambedkar Street (Ward -1) has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 600 per sq.ft. This was followed by a decrease to Rs 402 per sq.ft in 2017. The 2023 revision saw an increase to Rs 600 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 660 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is a 10% increase. Notably, there are no recorded figures for Ambedkar Street in the revisions from 2002, 2003, and 2007.

Guideline values in Thailavaram

In Thailavaram, there are 132 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Ambedkar Street (Ward -1) below this median.

• Ambedkar Street (Ward -20): Rs 881 per sq.ft (2024)
• Ambedkar Street Thailavaram (Ward-21): Rs 660 per sq.ft (2024)
• Amman Koil Street (Ward-20): Rs 881 per sq.ft (2024)
• Annai Indra Street (Ward-21): Rs 660 per sq.ft (2024)
• Annai Therasha Street (Ward-20): Rs 881 per sq.ft (2024)
• Abi Krishna Avenue: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street (Ward -1)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, making the total cost for these fees Rs 59,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedkar Street (Ward -1)?

The Sub Registrar Office that covers Ambedkar Street (Ward -1) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Thailavaram, the guideline value serves as a benchmark for determining the minimum price at which a property can be registered. This value is crucial as it affects the stamp duty and registration fees that are payable at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures compliance with legal requirements during the registration process. The guideline value is updated periodically, reflecting changes in the market and local conditions.

Frequently asked questions

What is the current guideline value of Ambedkar Street (Ward -1)?

The current guideline value of Ambedkar Street (Ward -1) is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then back to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification for Ambedkar Street (Ward -1)?

Ambedkar Street (Ward -1) is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

What is the median guideline value for streets in Thailavaram?

The median guideline value for the 132 streets in Thailavaram under the Chengleput Joint II SRO is Rs 770 per sq.ft, with Ambedkar Street (Ward -1) being below this median at Rs 660 per sq.ft.