Guideline Value for Ambal Nagar 1st Street

Ambal Nagar 1st Street guideline value

The current guideline value of Ambal Nagar 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ambal Nagar 1st Street has changed

In the 2012 revision, the guideline value was set at Rs 1,600 per sq.ft. From 2012 to the 2024 revision, there has been an increase of 6%, bringing the current value to Rs 1,700 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

Thus, the only revisions with figures are from 2012 and 2024, reflecting a steady increase over the years. The latest revision indicates that the guideline value has been adjusted to align with current market conditions.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 2,400 per sq.ft, which means that the guideline value of Ambal Nagar 1st Street is below this median.

• Ambal Nagar 2nd Street: Rs 1,700 per sq.ft (2024)
• Ambal Nagar Main Road: Rs 1,700 per sq.ft (2024)
• Ambal Nagar: Rs 1,700 per sq.ft (2024)
• A.L.S Nagar Main Road: Rs 2,750 per sq.ft (2024)
• A.L.S. Nagar Extension Street: Rs 2,750 per sq.ft (2024)
• A.L.S. Nagar 7th Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Nagar 1st Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambal Nagar 1st Street?

The Sub Registrar Office that covers Ambal Nagar 1st Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, 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 Madambakkam

The guideline value plays a crucial role in property transactions in Madambakkam. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to be aware of the guideline value, as it can influence the overall transaction cost. Buyers and sellers should ensure that the sale price is at least equal to the guideline value to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Ambal Nagar 1st Street?

The current guideline value of Ambal Nagar 1st Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,600 per sq.ft in 2012 to Rs 1,700 per sq.ft in 2024, reflecting a 6% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What are the guideline values in Madambakkam?

The guideline values in Madambakkam range from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 2,400 per sq.ft. Ambal Nagar 1st Street's guideline value is below this median.

What is the stamp duty for property in Ambal Nagar 1st Street?

The stamp duty for property in Ambal Nagar 1st Street is 7% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 1,19,000 based on the current guideline value.

Where is the Sub Registrar Office for Ambal Nagar 1st Street located?

The Selaiyur Sub Registrar Office, which covers Ambal Nagar 1st Street, is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.