Guideline Value for Ambal Nagar Kumudham Street

Ambal Nagar Kumudham Street guideline value

The current guideline value of Ambal Nagar Kumudham Street is Rs 3,960 per sq.ft. This street is located in Porur village, under the jurisdiction of the Kunrathur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Ambal Nagar Kumudham Street has changed

The guideline value for Ambal Nagar Kumudham Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which was then reduced to Rs 2,412 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,600 per sq.ft, and the latest revision in 2024 has raised it to Rs 3,960 per sq.ft, marking a 10% increase from the previous year.

From the 2017 revision to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur village, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value is Rs 3,960 per sq.ft, which is equal to the current guideline value of Ambal Nagar Kumudham Street.

• Ambal Nagar Kurinchi Street: Rs 3,960 per sq.ft (2024)
• Ambal nagar main Road: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Annex - Roja Street: Rs 4,290 per sq.ft (2024)
• Ambal Nagar Malligai Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Mullai Street (North): Rs 3,960 per sq.ft (2024)
• Ambal Nagar Mullai Street (South): Rs 3,960 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, bringing the total to Rs 3,56,400. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambal Nagar Kumudham Street?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is considered alongside the sale price. The higher of the two values will be used to calculate the applicable stamp duty and registration fees, making it essential for buyers and sellers to be aware of the current guideline values in their respective areas.

Frequently asked questions

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

The current guideline value of Ambal Nagar Kumudham Street is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, marking a 10% increase. The value was Rs 2,412 per sq.ft in 2017, indicating a 49% increase from 2017 to 2023.

What is the land classification for Ambal Nagar Kumudham Street?

The land classification for Ambal Nagar Kumudham Street is Residential Special Type - I, indicating its suitability for residential development.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Ambal Nagar Kumudham Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office covering Ambal Nagar Kumudham Street is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about your SRO online.