Guideline Value for Ambal Green City

Ambal Green City guideline value

The current guideline value of Ambal Green City is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Kannampalayam village, under the Kunrathur Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Ambal Green City has changed

The guideline value for Ambal Green City has seen several revisions over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 800 per sq.ft, which increased to Rs 880 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for the street in the earlier revisions. The 2024 guideline value of Rs 880 per sq.ft is below the median value of Rs 1,375 per sq.ft for the 75 streets in Kannampalayam under the Kunrathur SRO, which range from Rs 765 to Rs 4,000 per sq.ft.

Guideline values in Kannampalayam

In Kannampalayam, there are 75 streets under the Kunrathur SRO, with a wide range of guideline values. Ambal Green City’s current guideline value of Rs 880 per sq.ft is below the median for the area.

• Ambal Green City Extension: Rs 880 per sq.ft (2024)
• Alcherry Main Road: Rs 990 per sq.ft (2024)
• Adhithra Garden: Rs 1,540 per sq.ft (2024)
• Annai Indra Gandhi Nagar: Rs 880 per sq.ft (2024)
• Annai Nagar Phase-I: Rs 1,970 per sq.ft (2024)
• Annai Nagar Phase II: Rs 1,970 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Green City

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. 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 information.

Which Sub Registrar Office covers Ambal Green City?

The Sub Registrar Office that covers Ambal Green City is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kannampalayam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the registration department.

When a property is registered, the guideline value is compared against the sale price, and the higher of the two is used to determine the applicable duties and fees. This process helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ambal Green City?

The current guideline value of Ambal Green City is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value was Rs 800 per sq.ft in 2023 and increased to Rs 880 per sq.ft in 2024. There are no recorded figures for the years 2002, 2003, 2007, 2012, and 2017.

What is the median guideline value in Kannampalayam?

The median guideline value in Kannampalayam is Rs 1,375 per sq.ft. Ambal Green City’s guideline value is below this median.

What are the stamp duty and registration fees for properties in Ambal Green City?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles registrations for properties in Ambal Green City.