Guideline Value for AMBUJAM NAGAR

Ambujam Nagar guideline value

The current guideline value of Ambujam Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Korukanthangal village under the Gooduvancheri SRO, classified as Residential Special Type - I.

How the guideline value of Ambujam Nagar has changed

The guideline value for Ambujam Nagar has seen several revisions over the years. The 2017 revision recorded a guideline value of Rs 335 per sq.ft, which remained unchanged at Rs 500 per sq.ft in the 2023 revision. The current 2024 revision also maintains this figure at Rs 500 per sq.ft, resulting in a 49% increase from the 2017 figure to the 2024 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only revisions that apply are from 2017, 2023, and the current 2024 revision, all showing the guideline value of Rs 500 per sq.ft.

Guideline values in Korukanthangal

In Korukanthangal, there are 25 streets under the Gooduvancheri SRO that carry a 2024 guideline value, all ranging from Rs 500 to Rs 500 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, which is equal to the 2024 figure for Ambujam Nagar.

• Chakaravarthi Nagar: Rs 500 per sq.ft (2024)
• Deepa Avenue: Rs 500 per sq.ft (2024)
• Kalaimagal Avenue: Rs 500 per sq.ft (2024)
• Kannadasan Nagar: Rs 500 per sq.ft (2024)
• Krishna Nagar: Rs 500 per sq.ft (2024)
• Krishna Nagar Extn-III: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Ambujam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is essential to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambujam Nagar?

The Sub Registrar Office that covers Ambujam Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Korukanthangal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

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

Frequently asked questions

What is the current guideline value of Ambujam Nagar?

The current guideline value of Ambujam Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ambujam Nagar has increased from Rs 335 per sq.ft in 2017 to Rs 500 per sq.ft in both 2023 and 2024, marking a 49% increase over this period.

What is the land classification of Ambujam Nagar?

Ambujam Nagar is classified as Residential Special Type - I under the Gooduvancheri SRO.

Where can I find the Sub Registrar Office for Ambujam Nagar?

The Gooduvancheri Sub Registrar Office, covering Ambujam Nagar, is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ambujam Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 5,00,000, the stamp duty at 7% would be Rs 35,000.