Guideline Value for AMBETHKAR STREET

Ambethkar Street guideline value

The current guideline value of Ambethkar Street is Rs 626 per sq.ft, effective from 1 July 2024. This street is located in Kakkalur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Ambethkar Street has changed

The guideline value of Ambethkar Street has seen several revisions over the years. The 2012 revision recorded a value of Rs 625 per sq.ft, which decreased to Rs 419 per sq.ft in 2017. From 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 626 per sq.ft, a figure that remained unchanged through the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for Ambethkar Street. The overall change from the 2012 revision to the 2024 revision indicates a net increase of 0%.

Guideline values in Kakkalur

In Kakkalur, there are 133 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 626 per sq.ft, which is equal to the current value of Ambethkar Street.

• Alli Street: Rs 626 per sq.ft (2024)
• Angalamman Nagar & Annex: Rs 626 per sq.ft (2024)
• Anjaneya Puram/ Nagar: Rs 626 per sq.ft (2024)
• Anjaneya Puram Streets/ Main Road: Rs 626 per sq.ft (2024)
• Aathipoo Street: Rs 626 per sq.ft (2024)
• Appasami Sami Salai/ Road: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 626 per sq.ft, the total guideline value amounts to Rs 6,26,000. The stamp duty at 7% would be Rs 43,820, and the registration fee at 2% would be Rs 12,520, bringing the total cost for these fees to Rs 56,340. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ambethkar Street?

Ambethkar Street is covered by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kakkalur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately, reflecting the value of the property as determined by the local authorities. This value is used to calculate the applicable fees, ensuring transparency in property transactions.

Frequently asked questions

What is the current guideline value of Ambethkar Street?

The current guideline value of Ambethkar Street is Rs 626 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 626 per sq.ft from 2023 to 2024, but it increased from Rs 419 per sq.ft in 2017 to Rs 626 per sq.ft in 2023, marking a 49% increase.

What is the land classification for Ambethkar Street?

Ambethkar Street is classified under Residential Class II Type - III, indicating its suitability for residential development.

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

For a property valued at Rs 6,26,000, the stamp duty would be Rs 43,820 and the registration fee would be Rs 12,520, totaling Rs 56,340. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Ambethkar Street?

The registration for Ambethkar Street is handled by the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.