Guideline Value for AMBHETHKAR ST

Ambhethkar St guideline value

The current guideline value of Ambhethkar St is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Walajabad village, under the Walajabad Sub Registrar Office (SRO), and is classified as Residential Class IV Type - I.

How the guideline value of Ambhethkar St has changed

Over the years, the guideline value of Ambhethkar St has seen several revisions. The 2012 revision set the value at Rs 750 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 502 per sq.ft. Following this, there was a significant increase to Rs 750 per sq.ft in the 2023 revision, which has been maintained in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, the guideline value from 2012 to 2024 has remained the same at Rs 750 per sq.ft.

Guideline values in Walajabad

In Walajabad, there are 196 streets under the Walajabad SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,000 per sq.ft. The median value for these streets is Rs 750 per sq.ft, which is equal to the current guideline value of Ambhethkar St.

• Amirtham Rail Nagar: Rs 700 per sq.ft (2024)
• Allikuttai St: Rs 750 per sq.ft (2024)
• A.K. Govindarajan St: Rs 750 per sq.ft (2024)
• Anna Nagar: Rs 1,200 per sq.ft (2024)
• Anna Nagar Extension-II: Rs 500 per sq.ft (2024)
• Abirami Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Ambhethkar St

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, totaling Rs 67,500. It is important to note that the 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 Ambhethkar St?

The Sub Registrar Office that covers Ambhethkar St is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Walajabad. It helps determine the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When buying or selling property, the guideline value serves as a benchmark for assessing the value of the property. It is essential for both parties to understand this value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Ambhethkar St?

The current guideline value of Ambhethkar St is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen changes from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023 and 2024. There are no figures for the years 2002, 2003, and 2007.

What are the other streets in Walajabad with their guideline values?

Other streets in Walajabad include Amirtham Rail Nagar at Rs 700 per sq.ft, Allikuttai St at Rs 750 per sq.ft, A.K. Govindarajan St at Rs 750 per sq.ft, Anna Nagar at Rs 1,200 per sq.ft, Anna Nagar Extension-II at Rs 500 per sq.ft, and Abirami Nagar at Rs 750 per sq.ft.

What fees are associated with buying property in Ambhethkar St?

When buying property, you will need to pay stamp duty and registration fees based on the guideline value. For example, a 1,000 sq.ft plot would incur a total of Rs 67,500 in fees, which includes stamp duty and registration fees.

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

The Sub Registrar Office for Ambhethkar St is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more information about your SRO online.