Guideline Value for Ambal Nagar Thazhamboo 1st Street

Ambal Nagar Thazhamboo 1st Street guideline value

The current guideline value of Ambal Nagar Thazhamboo 1st 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 it falls under the Residential Special Type - I land classification.

How the guideline value of Ambal Nagar Thazhamboo 1st Street has changed

The guideline value for Ambal Nagar Thazhamboo 1st Street has seen several revisions over the years. In 2012, the value was Rs 3,600 per sq.ft, which then decreased to Rs 2,412 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value rose significantly by 49% to Rs 3,600 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Porur

In total, there are 530 streets in Porur 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 2024 figure for Ambal Nagar Thazhamboo 1st Street.

• Ambal Nagar Thamarai Street (West): Rs 3,960 per sq.ft (2024)
• Ambal Nagar Thazhamboo 2nd Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Thamarai Street - Lane: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Thamarai Street (East): Rs 3,960 per sq.ft (2024)
• Ambal Nagar Soorya Gandhi Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Roja Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Nagar Thazhamboo 1st 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 also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ambal Nagar Thazhamboo 1st Street?

The Sub Registrar Office that covers Ambal Nagar Thazhamboo 1st Street is 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 is a crucial factor during the registration of property transactions in Porur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected. Buyers should be aware that the fees are calculated based on the higher of the guideline value or the actual sale price of the property.

Frequently asked questions

What is the current guideline value for Ambal Nagar Thazhamboo 1st Street?

The current guideline value for Ambal Nagar Thazhamboo 1st 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. It was Rs 2,412 per sq.ft in 2017, which was a 33% decrease from Rs 3,600 per sq.ft in 2012.

What is the land classification for Ambal Nagar Thazhamboo 1st Street?

The land classification for Ambal Nagar Thazhamboo 1st Street is Residential Special Type - I.

Which Sub Registrar Office is responsible for this area?

The Kunrathur Sub Registrar Office is responsible for the registration of properties in Ambal Nagar Thazhamboo 1st Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in this area?

Stamp duty for properties in Ambal Nagar Thazhamboo 1st Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 39,60,000 would incur a stamp duty of Rs 2,77,200.