Guideline Value for Ambadi Road

Ambadi Road guideline value

The current guideline value of Ambadi Road is Rs 9,400 per sq.ft, effective from 1 July 2024. This road is located in Adayar village under the Adayar Sub Registrar Office (SRO) and is classified as Residential Special Type - II.

How the guideline value of Ambadi Road has changed

The guideline value of Ambadi Road has seen several revisions over the years. The earliest available figure is from 2007, where the guideline value was Rs 4,250 per sq.ft. This increased to Rs 8,500 per sq.ft in 2012, marking a 100% rise. However, between 2012 and 2017, the value decreased by 33% to Rs 5,695 per sq.ft. The subsequent revision in 2023 brought the guideline value up to Rs 8,500 per sq.ft, and the most recent revision in 2024 has set it at Rs 9,400 per sq.ft, reflecting an 11% increase from the previous year.

In summary, the guideline value has risen significantly from Rs 4,250 per sq.ft in 2007 to Rs 9,400 per sq.ft in 2024, which represents an overall increase of 121%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adayar

In Adayar village, there are 92 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,100 per sq.ft, placing Ambadi Road's 2024 figure above this median.

• Alandur Road: Rs 6,100 per sq.ft (2024)
• Ambethkar Street: Rs 3,300 per sq.ft (2024)
• Anchaneyar Kovil Street: Rs 5,000 per sq.ft (2024)
• Anna Salai: Rs 15,400 per sq.ft (2024)
• Anna Salai Lane: Rs 10,500 per sq.ft (2024)
• Arulalamman Pettai Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ambadi Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,400 per sq.ft, the total guideline value would be Rs 94,00,000. The stamp duty at 7% would amount to Rs 6,58,000, and the registration fee at 2% would be Rs 1,88,000, bringing the total to Rs 8,46,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ambadi Road?

The Sub Registrar Office that covers Ambadi Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Adayar. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is considered alongside the sale price, and the higher of the two 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 Ambadi Road?

The current guideline value of Ambadi Road is Rs 9,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 4,250 per sq.ft in 2007 to Rs 9,400 per sq.ft in 2024, marking an overall increase of 121% over this period.

What is the land classification of Ambadi Road?

Ambadi Road is classified as Residential Special Type - II under the Adayar SRO.

What are the stamp duty and registration fees for properties on Ambadi Road?

For a property valued at Rs 94,00,000, the stamp duty would be Rs 6,58,000, and the registration fee would be Rs 1,88,000, totaling Rs 8,46,000.

Which office handles the registration of properties on Ambadi Road?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles the registration of properties on Ambadi Road.