Guideline Value for Ambal Nagar

Ambal Nagar guideline value

The current guideline value of Ambal Nagar, located in Nandhivaram village under the Gooduvancheri SRO, is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Ambal Nagar has changed

Since the 2002 revision, the guideline value has seen significant changes. In 2002, the value was Rs 92 per sq.ft, which increased to Rs 328 per sq.ft in 2007, marking a rise of 257%. The 2012 revision set the value at Rs 1,500 per sq.ft, reflecting a substantial increase of 357%. However, this was followed by a decrease to Rs 1,005 per sq.ft in 2017, a drop of 33%. The value then remained at Rs 1,500 per sq.ft in both 2023 and the upcoming 2024 revision, showing no change between these two years.

Overall, from 2002 to 2024, the guideline value has increased by 1,530%. Notably, there is no figure available for the year 2003 in the register for this street.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for the village is Rs 1,500 per sq.ft, which is the same as the 2024 figure for Ambal Nagar.

• A.L.S. Avenue Extn: Rs 1,000 per sq.ft (2024)
• A.L.S. Avenue: Rs 1,000 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,500 per sq.ft (2024)
• Akshaya Homes: Rs 3,500 per sq.ft (2024)
• Amman Nagar: Rs 1,500 per sq.ft (2024)
• Ammayi 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 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000. Together, the total fees would be Rs 1,35,000. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambal Nagar?

The Sub Registrar Office covering Ambal Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Nandhivaram. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value can affect the total costs involved in the transaction.

When a property is sold, 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 appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

The current guideline value of Ambal Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 92 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification of Ambal Nagar?

Ambal Nagar is classified as Residential Special Type - I under the guideline value register.

Where can I find the registration office for Ambal Nagar?

The registration office for Ambal Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 15,00,000, the total fees would be Rs 1,35,000.