Guideline Value for AMBEDKAR STREET(PANAYUR)

Ambedkar Street(Panayur) guideline value

The current guideline value of Ambedkar Street(Panayur) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Sholinganallur - 1 village, under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Ambedkar Street(Panayur) has changed

The guideline value for Ambedkar Street(Panayur) has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, an increase from Rs 2,000 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 1,340 per sq.ft, which means there was a significant increase of 49% from 2017 to 2023. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for Ambedkar Street(Panayur) for the revisions in 2002, 2003, 2007, and 2012. These years are recorded in the register, but no specific guideline values are provided for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value of Ambedkar Street(Panayur).

• Ambedkar 6th Cross Street (O.M.R.): Rs 2,200 per sq.ft (2024)
• Ambedkar 5th Cross Street (O.M.R.): Rs 2,200 per sq.ft (2024)
• Ambedkar 4th Cross Street (O.M.R.): Rs 2,200 per sq.ft (2024)
• Ambedkar 3rd Cross Street (O.M.R.): Rs 2,200 per sq.ft (2024)
• Ambedkar 2nd Cross Street (O.M.R.): Rs 2,200 per sq.ft (2024)
• Ambedkar 1st Cross Street (O.M.R.): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street(Panayur)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedkar Street(Panayur)?

The Sub Registrar Office that covers Ambedkar Street(Panayur) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in property transactions in Sholinganallur - 1, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on an official valuation.

Frequently asked questions

What is the current guideline value of Ambedkar Street(Panayur)?

The current guideline value of Ambedkar Street(Panayur) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 64%.

Which Sub Registrar Office covers Ambedkar Street(Panayur)?

The Neelankarai Sub Registrar Office covers Ambedkar Street(Panayur) and is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty and registration fees for property in Ambedkar Street(Panayur)?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

What is the land classification for Ambedkar Street(Panayur)?

The land classification for Ambedkar Street(Panayur) is Residential Class II Type - III.