Guideline Value for AMBETHKAR NAGAR NEHRU 3RD STREET

Ambethkar Nagar Nehru 3rd Street guideline value

The current guideline value for Ambethkar Nagar Nehru 3rd Street is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Ambethkar Nagar Nehru 3rd Street has changed

The guideline value for Ambethkar Nagar Nehru 3rd Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 1,110 per sq.ft, an increase of 11% from the 2023 figure of Rs 1,000 per sq.ft. Prior to that, in 2017, the value was Rs 670 per sq.ft, reflecting a significant increase of 49% leading up to 2023. The 2012 revision also recorded a value of Rs 1,000 per sq.ft, which was a decrease of 33% from the 2017 figure.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 11%.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing the 2024 figure for Ambethkar Nagar Nehru 3rd Street below this median.

• Ambethkar Nagar Nehru 2nd Street: Rs 1,110 per sq.ft (2024)
• Ambethkar Nagar Nehru 1st Street: Rs 1,110 per sq.ft (2024)
• Ambethkar Nagar: Rs 1,650 per sq.ft (2024)
• Ambethkar Cross St: Rs 1,650 per sq.ft (2024)
• Amman Koil Salai: Rs 1,320 per sq.ft (2024)
• Ambathkar Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Nagar Nehru 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value amounts to Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, and the registration fee at 2% would be Rs 22,200, bringing the total fees to Rs 99,900. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ambethkar Nagar Nehru 3rd Street?

The Sub Registrar Office that covers Ambethkar Nagar Nehru 3rd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pallikaranai. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

Additionally, the guideline value helps in standardizing property prices across the region, making it easier for buyers and sellers to understand the market. It is important to be aware of the current guideline value when engaging in any property transactions to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value for Ambethkar Nagar Nehru 3rd Street?

The current guideline value for Ambethkar Nagar Nehru 3rd Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,110 per sq.ft in 2024, which is an increase of 11%. It was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What is the land classification for Ambethkar Nagar Nehru 3rd Street?

The land classification for Ambethkar Nagar Nehru 3rd Street is Residential Class IV Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Ambethkar Nagar Nehru 3rd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 99,900.