Guideline Value for Ambal Nagar

Ambal Nagar guideline value

The current guideline value of Ambal Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Chembakkam village, under the Selaiyur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Ambal Nagar has changed

The guideline value for Ambal Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from the 2017 figure of Rs 670 per sq.ft. The 2023 revision increased the value to Rs 1,000 per sq.ft, followed by a further increase to Rs 1,100 per sq.ft in the 2024 revision, marking a 10% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chembakkam

In Chembakkam, there are 472 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 850 to Rs 6,700 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that the guideline value of Ambal Nagar is below this median.

• Ambal Nagar 1st Street: Rs 1,100 per sq.ft (2024)
• Ambal Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
• Ambal Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• Ambal Nagar 4th Street: Rs 1,100 per sq.ft (2024)
• Ambal Nagar 5th Street: Rs 1,100 per sq.ft (2024)
• Ambal Nagar 6th Street: Rs 1,100 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ambal Nagar?

The Sub Registrar Office that covers Ambal Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration of property transactions in Chembakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally compliant.

When buying or selling property, the guideline value is referenced to ascertain the official value of the property, which helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, representing a 10% increase. It was Rs 670 per sq.ft in 2017 and Rs 1,000 per sq.ft in 2012.

What is the land classification of Ambal Nagar?

Ambal Nagar is classified as Residential Class III Type - II, indicating its suitability for residential purposes.

What is the median guideline value in Chembakkam?

The median guideline value in Chembakkam is Rs 2,200 per sq.ft, which is higher than the guideline value of Ambal Nagar.

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

The Sub Registrar Office covering Ambal Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.