Guideline Value for AMBEDKAR STREET (WARD -4)

Ambedkar Street (Ward -4) guideline value

The current guideline value of Ambedkar Street (Ward -4) is Rs 1,321 per sq.ft, effective from 1 July 2024. This street is located in Ninna Karai village under the Chengleput Joint II SRO, classified as Residential Special Type - V.

How the guideline value of Ambedkar Street (Ward -4) has changed

The guideline value for Ambedkar Street (Ward -4) has seen several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft. This value remained the same in the next revision in 2017, where it decreased to Rs 804 per sq.ft. The value then increased significantly to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,321 per sq.ft in 2024.

The changes between these revisions are notable. From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in the village is Rs 1,100 per sq.ft, placing Ambedkar Street (Ward -4) above this median with its current value of Rs 1,321 per sq.ft.

• Ambedkar Street (Ward -3): Rs 1,320 per sq.ft (2024)
• Ambikapathi Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Amman Koil Street (Ward -15): Rs 660 per sq.ft (2024)
• Alayamman Koil Street (Ward -19): Rs 660 per sq.ft (2024)
• Andal Street(Per): Rs 440 per sq.ft (2024)
• Anganur Street: Rs 660 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street (Ward -4)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420, making the total fees together Rs 1,18,890. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ambedkar Street (Ward -4)?

The Chengleput Joint II Sub Registrar Office covers Ambedkar Street (Ward -4). The office is 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 Ninna Karai

The guideline value plays a crucial role during the registration of property transactions in Ninna Karai. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the correct fees are applied. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction process.

Frequently asked questions

What is the current guideline value of Ambedkar Street (Ward -4)?

The current guideline value of Ambedkar Street (Ward -4) is Rs 1,321 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 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the land classification of Ambedkar Street (Ward -4)?

Ambedkar Street (Ward -4) is classified as Residential Special Type - V.

What are the stamp duty and registration fees for properties in Ambedkar Street (Ward -4)?

For a property with a guideline value of Rs 1,321 per sq.ft, the stamp duty is 7% and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would be Rs 1,18,890.

Where is the Chengleput Joint II Sub Registrar Office located?

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