Guideline Value for AMBEDKHAR STREET

Ambedkhar Street guideline value

The current guideline value of Ambedkhar Street in Navaloor village, under the Thiruporur SRO, is Rs 1,400 per sq.ft as per the 2023 revision. The land classification for this street is Residential Class II Type - I.

How the guideline value of Ambedkhar Street has changed

The guideline value for Ambedkhar Street has undergone several revisions over the years. In 2007, the guideline value was Rs 475 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012. However, in the 2017 revision, it decreased to Rs 670 per sq.ft, before rising significantly to Rs 1,400 per sq.ft in 2023.

Overall, from 2007 to 2023, the guideline value has increased by 195%. Notably, the increase from 2017 to 2023 was 109%. The register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Navaloor

Currently, there are no specific guideline values provided for other streets in Navaloor under the Thiruporur SRO. Ambedkhar Street is the only street mentioned with a guideline value of Rs 1,400 per sq.ft as of 2023.

Stamp duty and registration fee for property in Ambedkhar Street

For a 1,000 sq.ft plot at the current rate of Rs 1,400 per sq.ft, the guideline value amounts to Rs 14,00,000. The stamp duty is charged at 7%, which totals Rs 98,000, and the registration fee is 2%, amounting to Rs 28,000. Together, the total charges would be Rs 1,26,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedkhar Street?

The Sub Registrar Office that covers Ambedkhar Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Navaloor. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ambedkhar Street?

The current guideline value of Ambedkhar Street is Rs 1,400 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 475 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2023, reflecting an overall increase of 195% over the years.

Is there a guideline value for 2024 for Ambedkhar Street?

No, the register has no figure for the year 2024 for Ambedkhar Street.

What are the stamp duty and registration fees for property in Ambedkhar Street?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which office handles the registration for Ambedkhar Street?

The Thiruporur Sub Registrar Office handles the registration for Ambedkhar Street, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.