Guideline Value for AMBEDKAR STREET THAILAVARAM (WARD-21)

Ambedkar Street Thailavaram (Ward-21) guideline value

The current guideline value of Ambedkar Street Thailavaram (Ward-21) is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Potheri village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ambedkar Street Thailavaram (Ward-21) has changed

Over the years, the guideline value of Ambedkar Street Thailavaram has seen several revisions. The 2012 revision set the 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 latest revision in 2024 raised it further to Rs 660 per sq.ft, marking a 10% increase from the previous year. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased significantly by 49%. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

Guideline values in Potheri

Potheri village has a total of 129 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 440 to Rs 2,970 per sq.ft. The median guideline value in this area is Rs 770 per sq.ft, placing Ambedkar Street Thailavaram (Ward-21) below the median value.

• Ambedkar Street (Ward -1): Rs 660 per sq.ft (2024)
• Ambedkar Street (Ward -20): Rs 880 per sq.ft (2024)
• Amman Koil Street (Ward-20): Rs 880 per sq.ft (2024)
• Annai Indra Street (Ward-21): Rs 660 per sq.ft (2024)
• Annai Therasha Street (Ward-20): Rs 880 per sq.ft (2024)
• Anna Street Potheri (Ward -1): Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street Thailavaram (Ward-21)

For a 1,000 sq.ft plot at the current guideline value of Rs 660 per sq.ft, the total guideline value would be Rs 6,60,000. The stamp duty at 7% would amount to Rs 46,200, and the registration fee at 2% would be Rs 13,200, bringing the total fees together to Rs 59,400. It's important to note that 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 details.

Which Sub Registrar Office covers Ambedkar Street Thailavaram (Ward-21)?

The Sub Registrar Office that covers Ambedkar Street Thailavaram (Ward-21) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Potheri. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the government receives the appropriate revenue from property transactions.

Additionally, the guideline value helps in establishing a baseline for property valuation, ensuring that both buyers and sellers have a clear understanding of the minimum value for which a property can be registered. This transparency is essential for maintaining fair practices in the real estate market.

Frequently asked questions

What is the current guideline value of Ambedkar Street Thailavaram (Ward-21)?

The current guideline value of Ambedkar Street Thailavaram (Ward-21) 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 Thailavaram?

The land classification for Ambedkar Street Thailavaram is Residential Class II Type - I.

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, Chengalpattu registration zone.

How is stamp duty calculated for properties in Ambedkar Street Thailavaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at a guideline value of Rs 660 per sq.ft would incur a stamp duty of Rs 46,200.