Guideline Value for Ambal Nagar

Ambal Nagar guideline value

The current guideline value of Ambal Nagar in Kattupakkam village, under the Kunrathur SRO, is Rs 3,520 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - I.

How the guideline value of Ambal Nagar has changed

The guideline value for Ambal Nagar has seen several revisions over the years. In 2003, the guideline value was Rs 107 per sq.ft. This figure increased significantly to Rs 350 per sq.ft in 2007, marking a change of +227%. The value then surged to Rs 3,200 per sq.ft in 2012, reflecting an increase of +814%. However, in 2017, the value dropped to Rs 2,144 per sq.ft, a decrease of -33%. The value rose again to Rs 3,200 per sq.ft in 2023, before reaching the current figure of Rs 3,520 per sq.ft in 2024, which is a +10% increase.

Overall, from 2003 to 2024, the guideline value has increased by +3190%. The register does not have a figure for this street in 2002.

Guideline values in Kattupakkam

In Kattupakkam, there are 75 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft, with a median value of Rs 2,090 per sq.ft. The guideline value of Ambal Nagar is above this median.

• Amman Koil Street: Rs 2,090 per sq.ft (2024)
• Amman Nagar: Rs 2,090 per sq.ft (2024)
• Anandha Nagar: Rs 3,520 per sq.ft (2024)
• A.D. Govindharaj Nagar: Rs 3,520 per sq.ft (2024)
• ArulMurugan Nagar: Rs 2,090 per sq.ft (2024)
• Audco Nagar: Rs 3,520 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 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees together to Rs 3,16,800. 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 more details.

Which Sub Registrar Office covers Ambal Nagar?

The Sub Registrar Office that covers Ambal Nagar 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 Kattupakkam

The guideline value is a crucial factor in property transactions in Kattupakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value during negotiations to ensure compliance with legal requirements.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

The current guideline value of Ambal Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 107 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, reflecting an overall increase of +3190%.

What is the land classification for Ambal Nagar?

The land classification for Ambal Nagar is Residential Special Type - I.

What are the stamp duty and registration fees for properties in Ambal Nagar?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Where is the Sub Registrar Office for Ambal Nagar located?

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