Guideline Value for Ambal Nagar

Ambal Nagar guideline value

The current guideline value of Ambal Nagar, located in Orathur village under the Gooduvancheri SRO, is Rs 400 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 undergone several revisions over the years. The earliest recorded revision was in 2007, where the value was set at Rs 160 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, maintaining the same value in the subsequent revision in 2023. The most recent revision in 2024 also holds the value at Rs 400 per sq.ft, indicating no change from the previous year.

Between the revisions, there were notable changes. From 2007 to 2012, the value increased by 150%. However, from 2012 to 2017, it saw a decrease of 33%, bringing it down to Rs 268 per sq.ft. Following this, there was a substantial increase of 49% from 2017 to 2023, bringing the value back up to Rs 400 per sq.ft. Overall, from 2007 to 2024, the guideline value has increased by 150%.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with a median value of Rs 500 per sq.ft. The guideline value for Ambal Nagar is below this median.

• Adhithya Garden: Rs 400 per sq.ft (2024)
• Arthanareeswarar Nagar: Rs 400 per sq.ft (2024)
• Ashok Nagar: Rs 400 per sq.ft (2024)
• Babu Nagar: Rs 505 per sq.ft (2024)
• Balaji Avenue: Rs 505 per sq.ft (2024)
• Balaji Nagar: Rs 505 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 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. 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 Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the property registration process in Orathur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

The current guideline value of Ambal Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 160 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, with the same value maintained in 2023 and 2024.

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 Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 36,000.