Guideline Value for Ambal Nagar

Ambal Nagar guideline value

The current guideline value of Ambal Nagar in Nethapakkam village is Rs 100 per sq.ft, effective from 1 July 2024. This area falls under the Madurandakam SRO and is classified as Residential Class I Type - I.

How the guideline value of Ambal Nagar has changed

The guideline value for Ambal Nagar has seen several revisions over the years. In 2007, the value was Rs 50 per sq.ft, which increased to Rs 100 per sq.ft in 2012. However, it dropped to Rs 67 per sq.ft in 2017. The most recent revisions in 2023 and 2024 have maintained the value at Rs 100 per sq.ft. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%. The value remained unchanged from 2023 to 2024, indicating stability at Rs 100 per sq.ft. Overall, from 2007 to 2024, the guideline value has doubled, reflecting a 100% increase.

Guideline values in Nethapakkam

Nethapakkam village has eight streets under the Madurandakam SRO with a 2024 guideline value ranging from Rs 100 to Rs 300 per sq.ft. Ambal Nagar's value is below the median of Rs 130 per sq.ft. The following are the guideline values for other streets in Nethapakkam:

• Besant Nagar: Rs 160 per sq.ft (2024)
• Ganapathy Nagar: Rs 200 per sq.ft (2024)
• J.U.S.Nagar: Rs 100 per sq.ft (2024)
• Sakthi Saibaba Nagar: Rs 100 per sq.ft (2024)
• Santhosh Nagar: Rs 100 per sq.ft (2024)
• Vgp Gold Nest: Rs 300 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 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, making the total charges Rs 9,000. Duty is charged on the higher of the guideline value and 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 covering Ambal Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Nethapakkam. It is used to determine the stamp duty and registration fees when buying or selling property. The fees are based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to be aware of the guideline value as it directly affects the overall cost of the transaction. Buyers and sellers should ensure they are informed about the current guideline value to avoid any unexpected charges 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 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 50 per sq.ft in 2007 to Rs 100 per sq.ft in 2012, then dropping to Rs 67 per sq.ft in 2017. It remained Rs 100 per sq.ft in 2023 and 2024.

What are the guideline values for other streets in Nethapakkam?

Other streets in Nethapakkam have varying guideline values, with rates ranging from Rs 100 to Rs 300 per sq.ft. For example, Ganapathy Nagar has a guideline value of Rs 200 per sq.ft.

What fees are associated with property transactions in Ambal Nagar?

When buying property in Ambal Nagar, the fees include stamp duty at 7% and a registration fee at 2%, calculated based on the higher of the guideline value or the sale price.

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

The Sub Registrar Office for Ambal Nagar is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.