Guideline Value for Ambal Nagar 5th Street

Ambal Nagar 5th Street guideline value

The current guideline value of Ambal Nagar 5th Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Chembakkam village, under the Selaiyur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Ambal Nagar 5th Street has changed

The guideline value for Ambal Nagar 5th Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 1,000 per sq.ft. In 2017, it decreased to Rs 670 per sq.ft, marking a decline of 33%. The value then rose to Rs 1,000 per sq.ft in 2012, and further increased to Rs 1,000 per sq.ft in 2023. Most recently, the 2024 revision set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in guideline value is an increase of 10%. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median value across these streets is Rs 2,200 per sq.ft, indicating that Ambal Nagar 5th Street's 2024 figure is below this median.

• Ambal Nagar 4th Street: Rs 1,100 per sq.ft (2024)
• Ambal Nagar 6th Street: Rs 1,100 per sq.ft (2024)
• Ambal Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• Ambal Nagar 7th Street: Rs 1,100 per sq.ft (2024)
• Ambal Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
• Ambal Nagar 1st Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Nagar 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 precise calculations.

Which Sub Registrar Office covers Ambal Nagar 5th Street?

The Sub Registrar Office that covers Ambal Nagar 5th 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 Chembakkam

The guideline value plays a crucial role during property transactions in Chembakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements and to avoid potential disputes. The guideline value ensures transparency in property transactions and helps in assessing the fair value of properties.

Frequently asked questions

What is the current guideline value of Ambal Nagar 5th Street?

The current guideline value of Ambal Nagar 5th Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Ambal Nagar 5th Street?

Ambal Nagar 5th Street is classified as Residential Class III Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which Sub Registrar Office is responsible for Ambal Nagar 5th Street?

The Selaiyur Sub Registrar Office is responsible for Ambal Nagar 5th Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.