Guideline Value for Ambal Nagar ManiMedu

Ambal Nagar ManiMedu guideline value

The current guideline value of Ambal Nagar ManiMedu is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Thandalam village under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Ambal Nagar ManiMedu has changed

The guideline value for Ambal Nagar ManiMedu has undergone several revisions over the years. In 2017, the value was Rs 737 per sq.ft. This increased to Rs 1,100 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,210 per sq.ft, reflecting a further increase of 10% from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that have a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,210 per sq.ft, which is equal to the guideline value of Ambal Nagar ManiMedu.

• Ambal Nagar: Rs 1,210 per sq.ft (2024)
• Alayam Phase - III: Rs 2,200 per sq.ft (2024)
• Amman Koil Street: Rs 1,210 per sq.ft (2024)
• Akash Nagar Thodarchi: Rs 1,210 per sq.ft (2024)
• Akash Nagar II: Rs 1,210 per sq.ft (2024)
• Akash Nagar I: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Nagar ManiMedu

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, while the registration fee at 2% would be Rs 24,200. Together, these fees total Rs 1,08,900. 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 further calculations.

Which Sub Registrar Office covers Ambal Nagar ManiMedu?

The Sub Registrar Office that covers Ambal Nagar ManiMedu is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Thandalam

The guideline value plays a crucial role during the registration of property transactions in Thandalam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is documented at a fair value as per the established rates.

When a property is bought or sold, the guideline value is referred to by the registration office to calculate the applicable fees. This ensures transparency and compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Ambal Nagar ManiMedu?

The current guideline value of Ambal Nagar ManiMedu is Rs 1,210 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 737 per sq.ft to Rs 1,210 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 12,10,000, the stamp duty would be Rs 84,700 and the registration fee would be Rs 24,200, totaling Rs 1,08,900.

Which office handles registrations for Ambal Nagar ManiMedu?

The Pammal Sub Registrar Office handles registrations for Ambal Nagar ManiMedu, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the guideline value determined for properties in Thandalam?

The guideline value is determined by the Registration Department and is used to calculate the stamp duty and registration fees for property transactions, ensuring compliance with the established rates.