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 Sattamangalam 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 of Ambikapathi Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 1,200 per sq.ft. This was followed by a decrease to Rs 804 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 1,200 per sq.ft again, and in the latest revision for 2024, it rose to Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Sattamangalam

In Sattamangalam, there are 425 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,200 per sq.ft, with a median value of Rs 1,100 per sq.ft. Ambikapathi Street's 2024 figure of Rs 1,320 per sq.ft is above this 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 would be Rs 13,20,000. The stamp duty at 7% would amount to 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 duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

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

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

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

The guideline value is a crucial factor in the registration of property transactions in Sattamangalam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value will influence the overall transaction costs. Buyers should be aware that the stamp duty and registration fees are based on the higher of the guideline value or the sale price, which can significantly affect the total expenses involved in the property transaction.

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 for Ambikapathi Street?

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

What are the guideline values for other streets in Sattamangalam?

Other streets in Sattamangalam have varying guideline values, ranging from Rs 440 to Rs 2,200 per sq.ft. For example, Amman Koil Street is valued at Rs 440 per sq.ft, while Ambedkar Street (Ward -4) matches Ambikapathi Street at Rs 1,320 per sq.ft.

What is the stamp duty rate applicable in Ambikapathi Street (Ward -7)?

The stamp duty rate applicable in Ambikapathi Street (Ward -7) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ambikapathi Street (Ward -7)?

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.