Guideline Value for Ambal Nagar Extension

Ambal Nagar Extension guideline value

The current guideline value of Ambal Nagar Extension is Rs 1,870 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A village under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Ambal Nagar Extension has changed

Over the years, the guideline value for Ambal Nagar Extension has seen significant changes. The 2017 revision set the value at Rs 1,139 per sq.ft, which increased to Rs 1,700 per sq.ft in the 2023 revision. The most recent revision in 2024 has further increased the value to Rs 1,870 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2023 to 2024 revision reflects a 10% increase, while the change from 2017 to 2023 was a significant 49% increase.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, which is the same as the guideline value for Ambal Nagar Extension.

• Ambal Nagar Alamelu Street: Rs 1,430 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 Extension

For a 1,000 sq.ft plot at the current guideline value of Rs 1,870 per sq.ft, the total guideline value amounts to Rs 18,70,000. The stamp duty at 7% would be Rs 1,30,900, and the registration fee at 2% would be Rs 37,400, bringing the total costs together to Rs 1,68,300. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambal Nagar Extension?

The Sub Registrar Office that covers Ambal Nagar Extension 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 Mangadu -A

The guideline value plays a crucial role in the registration process of property transactions in Mangadu -A. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the official rates set by the government.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial obligations during the registration of property. Accurate knowledge of these values can help in budgeting for the total costs associated with property transactions.

Frequently asked questions

What is the current guideline value of Ambal Nagar Extension?

The current guideline value of Ambal Nagar Extension is Rs 1,870 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,139 per sq.ft to Rs 1,870 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for property in Ambal Nagar Extension?

For a property valued at Rs 18,70,000, the stamp duty would be Rs 1,30,900 and the registration fee would be Rs 37,400, totaling Rs 1,68,300.

Which Sub Registrar Office covers Ambal Nagar Extension?

The Kunrathur Sub Registrar Office covers Ambal Nagar Extension, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Ambal Nagar Extension?

Ambal Nagar Extension is classified as Residential Class I Type - I, indicating its designation for residential use within the area.