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 Vallancheri 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

The guideline value of Ambedkar Street Thailavaram has seen several revisions over the years. In the 2012 revision, the value was set at Rs 600 per sq.ft. This was followed by a decrease in the 2017 revision, where the value dropped to Rs 402 per sq.ft. However, the 2023 revision marked a significant increase to Rs 600 per sq.ft, and the latest 2024 revision has further increased it to Rs 660 per sq.ft, reflecting a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vallancheri

In Vallancheri, there are 134 streets under the Chengleput Joint II SRO with guideline values ranging from Rs 440 to Rs 2,200 per sq.ft. The median guideline value in the village is Rs 825 per sq.ft, which means Ambedkar Street Thailavaram's 2024 figure is below that median.

• 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)
• Abode Valley Kakkan Street (Ward-20): Rs 1,100 per sq.ft (2024)
• Annai Therasha Street (Ward-20): Rs 880 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 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. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the 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, 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 Vallancheri

The guideline value is a crucial factor when registering property transactions in Vallancheri. It serves as a benchmark for determining the minimum value at which properties can be bought or sold, ensuring that the registration process is transparent and standardized.

When a buyer or seller engages in a property transaction, the guideline value is used to calculate the stamp duty and registration fees. This means that both parties must be aware of the current guideline value to understand the financial implications of their transaction.

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 increased 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 Sub Registrar Office for this area?

The Sub Registrar Office for Ambedkar Street Thailavaram is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200 at a rate of 7%.