Guideline Value for AMBEDKAR STREET (WARD -3)

Ambedkar Street (Ward -3) guideline value

The current guideline value of Ambedkar Street (Ward -3) is Rs 661 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Ambedkar Street (Ward -3) has changed

The guideline value for Ambedkar Street (Ward -3) has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 600 per sq.ft, which was then reduced to Rs 402 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 600 per sq.ft, and the most recent 2024 revision has further increased it to Rs 661 per sq.ft, reflecting a change of +10% from the previous year.

In summary, the changes between revisions show a significant increase from 2017 to 2023 of +49%, while the overall change from 2012 to 2024 is +10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor village, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value in this area is Rs 1,100 per sq.ft, placing Ambedkar Street (Ward -3) below that median at Rs 661 per sq.ft.

• Ambedkar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Ambikapathi Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Amman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• Alayamman Koil Street (Ward -19): Rs 550 per sq.ft (2024)
• Andal Street(Per): Rs 661 per sq.ft (2024)
• Anganur Street: Rs 661 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street (Ward -3)

For a 1,000 sq.ft plot at the current guideline value of Rs 661 per sq.ft, the total guideline value would be Rs 6,61,000. The stamp duty at 7% would amount to Rs 46,270, and the registration fee at 2% would be Rs 13,220, totaling Rs 59,490. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Ambedkar Street (Ward -3)?

The Sub Registrar Office that covers Ambedkar Street (Ward -3) 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 Peramanoor

The guideline value plays a crucial role when buying or selling property in Peramanoor. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers should be aware that these costs are based on the guideline value or the sale price, whichever is higher.

When engaging in property transactions, it is essential to factor in the guideline value to ensure compliance with local regulations and to accurately calculate the total costs involved in the purchase or sale of property.

Frequently asked questions

What is the current guideline value of Ambedkar Street (Ward -3)?

The current guideline value of Ambedkar Street (Ward -3) is Rs 661 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 increased to Rs 600 per sq.ft in 2023, and finally to Rs 661 per sq.ft in 2024.

What is the land classification of Ambedkar Street (Ward -3)?

The land classification for Ambedkar Street (Ward -3) is Residential Class I Type - III.

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.

How is the stamp duty calculated for property in Ambedkar Street (Ward -3)?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 6,61,000, the stamp duty would be Rs 46,270.