Guideline Value for Ambal Nagar Roja Street

Ambal Nagar Roja Street guideline value

The current guideline value of Ambal Nagar Roja Street is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Ambal Nagar Roja Street has changed

The guideline value for Ambal Nagar Roja 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 value increased significantly to Rs 3,600 per sq.ft in the 2023 revision, and currently stands at Rs 3,960 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not have figures for the revisions in 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, with a median value of Rs 3,960 per sq.ft. Ambal Nagar Roja Street's current guideline value matches this median.

• Ambal Nagar Soorya Gandhi Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Mullai Street (South): Rs 3,960 per sq.ft (2024)
• Ambal Nagar Thamarai Street (East): Rs 3,960 per sq.ft (2024)
• Ambal Nagar Mullai Street (North): Rs 3,960 per sq.ft (2024)
• Ambal Nagar Thamarai Street - Lane: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Malligai Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Nagar Roja 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 cost to Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ambal Nagar Roja Street?

The Sub Registrar Office that covers Ambal Nagar Roja 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 is an essential factor in the registration 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 the appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is crucial to be aware of the guideline value, as it impacts the overall costs involved in the transaction. Buyers should ensure that the sale price is at least equal to or greater than the guideline value to avoid any legal issues during registration.

Frequently asked questions

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

The current guideline value of Ambal Nagar Roja 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 seen several changes, with the most recent revision in 2024 showing an increase of 10% from the previous year's value of Rs 3,600 per sq.ft.

What is the land classification for Ambal Nagar Roja Street?

Ambal Nagar Roja Street is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

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

For a property valued at Rs 39,60,000, the stamp duty is Rs 2,77,200 and the registration fee is Rs 79,200, totaling Rs 3,56,400.

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

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