Guideline Value for AMBIGAPURAM & STREETS

Ambigapuram & Streets guideline value

The current guideline value of Ambigapuram & Streets is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in the village of Thiruninravur-A under the Avadi SRO, classified as Residential Class II Type - III.

How the guideline value of Ambigapuram & Streets has changed

The guideline value for Ambigapuram & Streets has seen several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision, marking a significant change of 49%. The most recent revision in 2024 has set the value at Rs 750 per sq.ft, reflecting a 7% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 60%. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median value among these streets is Rs 750 per sq.ft, which aligns with the 2024 figure for Ambigapuram & Streets.

• Ambigapuram: Rs 750 per sq.ft (2024)
• Ambigai Amman Nagar &streets: Rs 750 per sq.ft (2024)
• Ambigai Amman Nagar / R.S. Ambigai Amman: Rs 750 per sq.ft (2024)
• Ambigai Amman Nagar: Rs 440 per sq.ft (2024)
• Amman Koil Street: Rs 750 per sq.ft (2024)
• Amman Nagar: Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Ambigapuram & Streets

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value amounts to 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.

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

Which Sub Registrar Office covers Ambigapuram & Streets?

The Sub Registrar Office that covers Ambigapuram & Streets 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 details.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in property transactions in Thiruninravur-A, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value serves as a benchmark for assessing the transaction's legitimacy and ensuring that the government receives the appropriate revenue from stamp duty and registration fees. It is essential for all parties involved to be aware of the current guideline value to avoid any legal complications.

Frequently asked questions

What is the current guideline value of Ambigapuram & Streets?

The current guideline value of Ambigapuram & Streets is Rs 750 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 469 per sq.ft to Rs 750 per sq.ft in 2024, representing an overall increase of 60%.

What is the stamp duty rate for properties in Ambigapuram & Streets?

The stamp duty rate for properties in Ambigapuram & Streets is 7% of the guideline value or sale price, whichever is higher.

Where is the Avadi Sub Registrar Office located?

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

How can I calculate the registration fees for a property?

You can calculate the registration fees for a property using the stamp duty and registration fee calculator available online.