Guideline Value for Ambal Nagar Soorya Gandhi Street

Ambal Nagar Soorya Gandhi Street guideline value

The current guideline value of Ambal Nagar Soorya Gandhi 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 Soorya Gandhi Street has changed

Looking at the historical revisions, the guideline value for Ambal Nagar Soorya Gandhi Street has seen several changes. The 2012 revision recorded a value of Rs 3,600 per sq.ft, which then decreased to Rs 2,412 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it to Rs 3,600 per sq.ft. The latest revision in 2024 has further raised the guideline value to Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, 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 among these streets is Rs 3,960 per sq.ft, which is the same as the guideline value for Ambal Nagar Soorya Gandhi Street. Below are other streets in Porur with their respective guideline values:

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

Stamp duty and registration fee for property in Ambal Nagar Soorya Gandhi 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 charged at 7% would amount to Rs 2,77,200, while the registration fee at 2% would be Rs 79,200. Together, the total cost for stamp duty and registration fee would be Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambal Nagar Soorya Gandhi Street?

The Sub Registrar Office covering Ambal Nagar Soorya Gandhi 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 during property transactions in Porur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees payable. This ensures that the transaction is recorded accurately and legally.

Additionally, the guideline value serves as a reference point for both buyers and sellers. It helps in understanding the value of the property in the context of the local real estate market, ensuring that transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Ambal Nagar Soorya Gandhi Street?

The current guideline value of Ambal Nagar Soorya Gandhi 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 significantly from Rs 3,600 per sq.ft in 2023 to Rs 3,960 per sq.ft in 2024, an increase of 10%. It was Rs 2,412 per sq.ft in 2017, which was a 49% increase from the previous revision in 2012.

What is the land classification for Ambal Nagar Soorya Gandhi Street?

Ambal Nagar Soorya Gandhi Street is classified as Residential Special Type - I. This classification affects the guideline value and property usage in the area.

What are the stamp duty rates applicable in this area?

The stamp duty rate applicable for properties in Ambal Nagar Soorya Gandhi Street is 7%. The registration fee is charged at 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Ambal Nagar Soorya Gandhi Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details through the provided link.