Guideline Value for AMBIKAPATHI STREET (WARD -7)

Ambikapathi Street (Ward -7) guideline value

The current guideline value of Ambikapathi Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Kattankollatur village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Ambikapathi Street (Ward -7) has changed

The guideline value for Ambikapathi Street has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 1,200 per sq.ft. This decreased to Rs 804 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Ambikapathi Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kattankollatur

In Kattankollatur, there are 453 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,612 per sq.ft. The median value is Rs 1,100 per sq.ft, placing Ambikapathi Street's 2024 figure above that median.

• Amman Koil Street (Ward -15): Rs 440 per sq.ft (2024)
• Ambedkar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Ambedkar Street (Ward -3): Rs 660 per sq.ft (2024)
• Andal Street(Per): Rs 440 per sq.ft (2024)
• Anganur Street: Rs 660 per sq.ft (2024)
• Alayamman Koil Street (Ward -19): Rs 440 per sq.ft (2024)

Stamp duty and registration fee for property in Ambikapathi Street (Ward -7)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, making the total fees Rs 1,18,800. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Ambikapathi Street (Ward -7)?

The Sub Registrar Office covering Ambikapathi Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Kattankollatur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and fairly. Buyers should be aware that the fees are calculated based on this value, which is periodically revised to reflect changes in the local real estate market.

Frequently asked questions

What is the current guideline value of Ambikapathi Street (Ward -7)?

The current guideline value of Ambikapathi Street (Ward -7) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

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

Other streets in Kattankollatur include Amman Koil Street (Ward -15) at Rs 440 per sq.ft, Ambedkar Street (Ward -4) at Rs 1,320 per sq.ft, and several others with varying rates.

How is stamp duty calculated for properties in Ambikapathi Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would have a guideline value of Rs 13,20,000, leading to a stamp duty of Rs 92,400.

Where can I find the Sub Registrar Office for Ambikapathi Street?

The Sub Registrar Office for Ambikapathi Street (Ward -7) is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.