Guideline Value for Ambal Nagar

Ambal Nagar guideline value

The current guideline value of Ambal Nagar, located in Kodambakkam village under the Ashok Nagar SRO, is Rs 4,100 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. The earliest recorded figure is from 2007, where the guideline value was Rs 620 per sq.ft. This increased significantly to Rs 3,750 per sq.ft in 2012, marking a remarkable rise of 505%. However, between 2012 and 2017, the value decreased to Rs 2,512 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 3,750 per sq.ft in 2023, an increase of 49% from the previous figure.

As of the latest revision in 2024, the guideline value stands at Rs 4,100 per sq.ft, which is a 9% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 561%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 4,900 per sq.ft. The guideline value of Ambal Nagar is below this median.

• Ambedkar Salai: Rs 8,800 per sq.ft (2024)
• Alayamaistry Street: Rs 3,300 per sq.ft (2024)
• Alagiri Street: Rs 3,300 per sq.ft (2024)
• Alagirisamy Salai: Rs 7,700 per sq.ft (2024)
• Amman Koil Street: Rs 5,500 per sq.ft (2024)
• Amman Koil Street (Saidapettai Salai): Rs 5,500 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 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, while the registration fee at 2% would be Rs 82,000, leading to a total of Rs 3,69,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, 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 Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, you can visit find your SRO.

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

When buying or selling property in Kodambakkam, the guideline value plays a crucial role in determining the stamp duty and registration fees. These fees are calculated based on the guideline value set by the Registration Department, which is updated periodically.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the total cost of the transaction. The guideline value serves as a benchmark for property transactions, ensuring that the registration process aligns with the official valuations set by the authorities.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

The current guideline value of Ambal Nagar is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 620 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, reflecting an overall increase of 561% over the years.

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

For a property valued at Rs 41,00,000, the stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, totaling Rs 3,69,000.

Which Sub Registrar Office covers Ambal Nagar?

The Ashok Nagar Sub Registrar Office covers Ambal Nagar, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Ambal Nagar?

Ambal Nagar falls under Residential Class IV Type - I land classification according to the guideline value register.