Guideline Value for Ambal Nagar

Ambal Nagar guideline value

The current guideline value of Ambal Nagar, located in Kunrathour-B village under the Kunrathur SRO, is Rs 1,210 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Ambal Nagar has changed

In the 2017 revision, the guideline value was Rs 737 per sq.ft. This figure increased significantly to Rs 1,100 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw another increase of 10%, bringing the guideline value to Rs 1,210 per sq.ft.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kunrathour-B

In Kunrathour-B, there are 325 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 5,130 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, placing Ambal Nagar's 2024 figure below that median.

• Agneeswarar Koil 2nd Street: Rs 1,210 per sq.ft (2024)
• Agneeswarar Koil 1st Street: Rs 1,210 per sq.ft (2024)
• Andal Kuppam Main Road: Rs 1,540 per sq.ft (2024)
• Andalkuppam Mayana Salai: Rs 1,210 per sq.ft (2024)
• Andalkuppam/Pillaiyar Koil St.,: Rs 1,210 per sq.ft (2024)
• Adhivasi Kudiyiruppu: Rs 1,430 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 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, making the total cost for these fees Rs 1,08,900. Duty is charged on the guideline value or the sale price, whichever is higher. 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 additional information.

How the guideline value is used when you buy or sell in Kunrathour-B

The guideline value is a crucial factor when buying or selling property in Kunrathour-B. It serves as a benchmark for determining the minimum value at which a property can be registered.

When a property transaction occurs, 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 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 737 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023, and then to Rs 1,210 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification of Ambal Nagar?

Ambal Nagar is classified as Residential Class I Type - I. This classification indicates the type of development permissible in the area.

How does the guideline value compare to other streets in Kunrathour-B?

The guideline value of Rs 1,210 per sq.ft for Ambal Nagar is below the median guideline value of Rs 1,540 per sq.ft for other streets in Kunrathour-B. This reflects the varying values assigned to different streets in the area.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. This office handles the registration of properties in Ambal Nagar.