Guideline Value for Ambal Nagar Malligai Street

Ambal Nagar Malligai Street guideline value

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

The guideline value for Ambal Nagar Malligai Street has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 3,600 per sq.ft. This value remained unchanged until the next revision in 2017, where it decreased to Rs 2,412 per sq.ft. Following that, the value increased significantly to Rs 3,600 per sq.ft in 2023, marking a 49% rise from the 2017 figure. The most recent revision in 2024 set the guideline value at Rs 3,960 per sq.ft, reflecting a 10% increase from 2023.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, which is the same as the current value for Ambal Nagar Malligai Street.

• Ambal Nagar Mullai Street (North): Rs 3,960 per sq.ft (2024)
• Ambal Nagar Mullai Street (South): Rs 3,960 per sq.ft (2024)
• Ambal Nagar Main Road: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Roja Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Kurinchi Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Soorya Gandhi Street: Rs 3,960 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, leading to a total of Rs 3,56,400 for these fees. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Ambal Nagar Malligai Street?

The Ambal Nagar Malligai Street falls under the jurisdiction of 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 Porur

The guideline value plays a crucial role during the registration of property transactions in Porur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing a property.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Ambal Nagar Malligai 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 undergone several revisions, with the most recent increase being from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024.

What is the land classification for Ambal Nagar Malligai Street?

The land classification for Ambal Nagar Malligai Street is Residential Special Type - I.

Where can I find the registration office for this street?

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

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a plot valued at Rs 39,60,000 would incur a stamp duty of Rs 2,77,200 at 7%.