Guideline Value for Ambal Nagar

Ambal Nagar guideline value

The current guideline value of Ambal Nagar, located in Porur village under the Kunrathur SRO, is Rs 3,960 per sq.ft. This value is 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 undergone several revisions over the years. The earliest recorded value in 2002 was Rs 464 per sq.ft, which increased to Rs 584 per sq.ft in 2003, marking a 26% rise. In 2007, the value saw a significant jump to Rs 1,000 per sq.ft, representing a 71% increase. The 2012 revision brought the value to Rs 3,600 per sq.ft, which was a substantial increase of 260% from the previous figure. However, this value decreased by 33% to Rs 2,412 per sq.ft in 2017. The guideline value then rose to Rs 3,600 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 753%. There are no figures available for the years not mentioned in this register for Ambal Nagar.

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, with the median value being Rs 3,960 per sq.ft. Ambal Nagar's 2024 guideline value aligns with this median.

• Ambal Nagar Annex - Roja Street: Rs 4,290 per sq.ft (2024)
• Ambal Nagar Kumudham Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Kurinchi Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Main Road: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Malligai Street: 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

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, together totaling 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. You can use the stamp duty and registration fee calculator for further calculations.

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 Porur

The guideline value is a crucial factor in the registration process when buying or selling property in Porur. It serves as a benchmark for calculating the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

The current guideline value of Ambal Nagar 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 464 per sq.ft in 2002 to Rs 3,960 per sq.ft in 2024, representing an overall increase of 753% over the years.

What is the land classification for Ambal Nagar?

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

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

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

How is the stamp duty calculated for properties in Ambal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 39,60,000, the stamp duty at 7% would be Rs 2,77,200.