Guideline Value for AMBEDKAR ST

Ambedkar St guideline value

The current guideline value of Ambedkar St in Paleripattu village is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Ambedkar St has changed

The guideline value for Ambedkar St has undergone several revisions over the years. The earliest available figure is from 2012, where it was recorded at Rs 900 per sq.ft. This value remained unchanged until the next revision in 2017, which saw a decrease to Rs 603 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to Rs 900 per sq.ft. The most recent revision in 2024 has increased the guideline value to Rs 990 per sq.ft, reflecting a 10% rise from the previous year.

There are no recorded figures for Ambedkar St in the years 2002, 2003, and 2007. Overall, when comparing the guideline value from 2012 to 2024, there has been a 10% increase, indicating a stabilization in the value after the fluctuations observed in earlier revisions.

Guideline values in Paleripattu

In Paleripattu, there are 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft. The median value among these streets is Rs 990 per sq.ft, which is equal to the guideline value of Ambedkar St.

• Anandha Nagar (Pudhu Nagar): Rs 990 per sq.ft (2024)
• Alagar Samay St: Rs 990 per sq.ft (2024)
• Andal Nagar: Rs 880 per sq.ft (2024)
• Annappar St: Rs 990 per sq.ft (2024)
• Anna St: Rs 990 per sq.ft (2024)
• Articial Road: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800. Together, the total charges would be Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedkar St?

Ambedkar St is covered by the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering a property in Paleripattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the guideline value may influence the overall cost of the property transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ambedkar St?

The current guideline value of Ambedkar St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Ambedkar St?

Ambedkar St is classified as Residential Class II Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Ambedkar St?

The Sub Registrar Office covering Ambedkar St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Ambedkar St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at 7%.