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 Peramanoor village and falls under the Chengleput Joint II SRO, 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. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,200 per sq.ft in the 2023 revision and further rose to Rs 1,320 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the increase from the 2017 revision to the 2023 revision was 49%. However, the value dropped by 33% from the 2012 revision to the 2017 revision. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO with a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median value is Rs 1,100 per sq.ft, which means that Ambikapathi Street's 2024 figure is above this median.

• Amman Koil Street (Ward -15): Rs 550 per sq.ft (2024)
• Ambedkar Street (Ward -4): Rs 1,320 per sq.ft (2024)
• Ambedkar Street (Ward -3): Rs 661 per sq.ft (2024)
• Andal Street(Per): Rs 661 per sq.ft (2024)
• Anganur Street: Rs 661 per sq.ft (2024)
• Alayamman Koil Street (Ward -19): Rs 550 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, bringing the total cost for these fees to Rs 1,18,800. 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 accurate calculations based on your property details.

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

The Chengleput Joint II Sub Registrar Office covers Ambikapathi Street (Ward -7). The office is 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 Peramanoor

The guideline value is a crucial factor when registering property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the sale or purchase of properties within the area.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

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 is the stamp duty for property in Ambikapathi Street?

The stamp duty for property in Ambikapathi Street is calculated at 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in Ambikapathi Street?

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

What is the land classification of Ambikapathi Street?

Ambikapathi Street is classified as Residential Special Type - V under the Chengleput Joint II SRO.