Guideline Value for AMBEDKAR ST

Ambedkar St guideline value

The current guideline value of Ambedkar St in Paruthipattu village is Rs 950 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Ambedkar St has changed

Looking at the historical revisions, the guideline value for Ambedkar St was Rs 900 per sq.ft in 2023, which increased to Rs 950 per sq.ft in the 2024 revision, marking a change of +6%. Prior to that, in 2017, the guideline value was Rs 603 per sq.ft, showing a significant increase of +49% to reach the 2023 figure. The 2012 revision also had a guideline value of Rs 900 per sq.ft, which decreased to Rs 603 per sq.ft in 2017, reflecting a decline of -33%. Overall, from 2012 to 2024, the guideline value has increased by +6%.

It is important to note that the register does not have figures for Ambedkar St for the years 2002, 2003, and 2007.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value for Ambedkar St is below this median.

• A.K.Garden Srinivasa Nagar Extn (P.H.Road): Rs 950 per sq.ft (2024)
• Anbu Nagar Srinivasa Nagar Extn: Rs 950 per sq.ft (2024)
• A.G.T.Nagar: Rs 1,625 per sq.ft (2024)
• Andhavar St: Rs 950 per sq.ft (2024)
• Agharam St: Rs 1,650 per sq.ft (2024)
• Adhithanar St: Rs 1,625 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 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, making the total charges Rs 85,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambedkar St?

The Sub Registrar Office that covers Ambedkar St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Paruthipattu, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

When a property is sold, the registration office uses the guideline value to calculate applicable stamp duties and fees. This ensures that the transaction is recorded accurately and that the necessary taxes are paid based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ambedkar St?

The current guideline value of Ambedkar St is Rs 950 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 2023 to Rs 950 per sq.ft in 2024. It was Rs 603 per sq.ft in 2017 and Rs 900 per sq.ft in 2012.

What is the land classification for Ambedkar St?

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

Where can I find the registration office for Ambedkar St?

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

How are stamp duties calculated for property in Ambedkar St?

Stamp duties are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,50,000, the stamp duty at 7% would be Rs 66,500.