Guideline Value for Ambal Nagar Alamelu Street

Ambal Nagar Alamelu Street guideline value

The current guideline value of Ambal Nagar Alamelu Street is Rs 1,430 per sq.ft, effective from 1 July 2024. This street is located in Mangadu -A village under the Kunrathur SRO, classified as Residential Class II Type - II.

How the guideline value of Ambal Nagar Alamelu Street has changed

The guideline value for Ambal Nagar Alamelu Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,430 per sq.ft, which is an increase from Rs 1,300 per sq.ft in 2023, marking a 10% rise. Prior to this, in 2017, the value was Rs 871 per sq.ft, reflecting a significant increase of 49% over the six-year period leading to 2023. The overall increase from 2017 to 2024 is 64%.

It is important to note that the guideline value register has no figures for the years 2002, 2003, 2007, and 2012 for this street. This lack of data means that the changes in value during those years are not available for consideration.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets listed under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 1,870 per sq.ft, which indicates that the guideline value of Ambal Nagar Alamelu Street is below this median.

• Ambal Nagar Extension: Rs 1,870 per sq.ft (2024)
• Ambal Nagar: Rs 1,870 per sq.ft (2024)
• ADL Charles Nager Annex: Rs 1,540 per sq.ft (2024)
• Abdul Samath Nagar: Rs 1,760 per sq.ft (2024)
• A.A.A. Nagar: Rs 1,760 per sq.ft (2024)
• Appavoo Nagar, 1st Road to IIIrd Road: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Nagar Alamelu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,430 per sq.ft, the total guideline value amounts to Rs 14,30,000. The stamp duty, calculated at 7%, would be Rs 1,00,100, while the registration fee at 2% would be Rs 28,600. Together, these fees total Rs 1,28,700. 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 detailed calculations.

Which Sub Registrar Office covers Ambal Nagar Alamelu Street?

The Sub Registrar Office that covers Ambal Nagar Alamelu Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value plays a crucial role in the registration process when buying or selling property in Mangadu -A. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price, which can significantly affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Ambal Nagar Alamelu Street?

The current guideline value of Ambal Nagar Alamelu Street is Rs 1,430 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 871 per sq.ft in 2017 to Rs 1,430 per sq.ft in 2024, representing a total increase of 64% over this period.

What is the registration office for Ambal Nagar Alamelu Street?

The registration office for Ambal Nagar Alamelu Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

For a property valued at Rs 14,30,000, the stamp duty would be Rs 1,00,100 and the registration fee would be Rs 28,600, totaling Rs 1,28,700.

Where can I find more information about guideline values in Mangadu -A?

More information about guideline values in Mangadu -A can be found in the guideline value register maintained by the Registration Department.