Guideline Value for AMBEDKAR STREET

Ambedkar Street guideline value

The current guideline value of Ambedkar Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of Ambedkar Street has changed

The guideline value for Ambedkar Street has seen several revisions over the years. In 2002, the value was Rs 353 per sq.ft, which increased to Rs 387 per sq.ft in 2003, marking a rise of 10%. The value continued to climb, reaching Rs 550 per sq.ft in 2007, an increase of 42%. By 2012, the value was Rs 2,500 per sq.ft, showing a significant jump of 355%. However, it then decreased to Rs 1,675 per sq.ft in 2017, a drop of 33%.

The most recent revisions show a steady increase. The value rose to Rs 2,500 per sq.ft in 2023, followed by an increase to Rs 2,700 per sq.ft in 2024, reflecting an 8% change. Overall, from 2002 to 2024, the guideline value has increased by 665%. There are no figures available for the revisions in years not listed.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which matches the current guideline value of Ambedkar Street.

• Ambedkar Road (A) Gantz Road: Rs 5,500 per sq.ft (2024)
• Ammaiyi Ammal Lane: Rs 3,800 per sq.ft (2024)
• Amman Koil 1st Lane: Rs 2,700 per sq.ft (2024)
• Amman Koil 2nd Lane: Rs 2,700 per sq.ft (2024)
• Amman Koil Street: Rs 2,700 per sq.ft (2024)
• Ammayi Ammal Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is 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?

The Sub Registrar Office that covers Ambedkar Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring compliance with local regulations.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and fairly in the official registry.

Frequently asked questions

What is the current guideline value of Ambedkar Street?

The current guideline value of Ambedkar Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 353 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 665% over the years.

What is the land classification for Ambedkar Street?

Ambedkar Street is classified as Residential Class III Type - II, indicating its use for residential purposes.

What are the stamp duty rates applicable in Ambedkar Street?

The stamp duty rate for properties in Ambedkar Street is 7%, while the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Ambedkar Street located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and it covers Ambedkar Street.