Guideline Value for Ambal Nagar

Ambal Nagar guideline value

The current guideline value of Ambal Nagar, located in Kathirvedu village under the Ambattur SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This area falls under Residential Class IV Type - I land classification.

How the guideline value of Ambal Nagar has changed

The guideline value for Ambal Nagar has seen several revisions over the years. In 2002, the value was Rs 49 per sq.ft, which increased to Rs 60 per sq.ft in 2003. Following this, there was a significant rise to Rs 300 per sq.ft in 2007, marking a 400% increase from the previous year. The value then jumped to Rs 1,000 per sq.ft in 2012, representing a 233% increase. However, it decreased to Rs 670 per sq.ft in 2017, a decline of 33%. In 2023, the value rose again to Rs 1,000 per sq.ft, and the most recent revision in 2024 set it at Rs 1,100 per sq.ft, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 2,145%. The register has no figures for the years not mentioned in this summary.

Guideline values in Kathirvedu

Kathirvedu village has a total of 78 streets under the Ambattur SRO, with the 2024 guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing Ambal Nagar's 2024 figure below this median.

• Ambedkar Street: Rs 1,100 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Asian Street: Rs 1,100 per sq.ft (2024)
• Babuji Nagar: Rs 1,500 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,500 per sq.ft (2024)
• Bala Murugan Nagar: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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?

The Sub Registrar Office that covers Ambal Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kathirvedu

The guideline value plays a crucial role during property registration in Kathirvedu. It determines the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair. Buyers and sellers must be aware of the guideline value to understand the financial implications of their property transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, which are essential costs in the buying and selling process. This ensures that all transactions are conducted in accordance with the regulations set by the government.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

The current guideline value of Ambal Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 49 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 2,145% over this period.

What are the other streets in Kathirvedu with similar guideline values?

Other streets in Kathirvedu with a 2024 guideline value of Rs 1,100 per sq.ft include Ambedkar Street, Anna Street, and Asian Street. There are also streets like Babuji Nagar, Bajanai Koil Street, and Bala Murugan Nagar with higher values.

How is stamp duty calculated for properties in Ambal Nagar?

Stamp duty for properties in Ambal Nagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 11,00,000 would incur a stamp duty of Rs 77,000.

Where can I find the Sub Registrar Office for Ambal Nagar?

The Sub Registrar Office covering Ambal Nagar is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.