Guideline Value for Ambal Nagar

Ambal Nagar guideline value

The current guideline value of Ambal Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kunnam village under the Sunguvarchattram SRO and is classified as Industries 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 2012, the value was set at Rs 300 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 201 per sq.ft. The value then increased to Rs 300 per sq.ft again in 2023, and it has remained the same in the 2024 revision, showing a 0% change from 2023 to 2024. The overall change from the 2012 revision to the 2024 revision is 0%.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. However, the revisions for 2002, 2003, and 2007 do not have any figures recorded for this street.

Guideline values in Kunnam

In Kunnam, there are 18 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 181 to Rs 660 per sq.ft. The median guideline value for these streets is Rs 200 per sq.ft, placing Ambal Nagar's value above this median.

• Church Street: Rs 181 per sq.ft (2024)
• Elite Homes: Rs 350 per sq.ft (2024)
• Kizhandai Street: Rs 200 per sq.ft (2024)
• Lakshmi Nagar: Rs 200 per sq.ft (2024)
• Lakshmi nagar Extension: Rs 200 per sq.ft (2024)
• Manikandan Nagar: Rs 181 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, which totals Rs 21,000, and the registration fee is 2%, amounting to Rs 6,000. Together, the total fees would be Rs 27,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Ambal Nagar?

The Sub Registrar Office that covers Ambal Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Kunnam. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that these fees are calculated fairly based on the established values.

It is essential for buyers and sellers to be aware of the guideline value as it directly affects the costs involved in the transaction. The guideline value serves as a reference point for both parties during negotiations and finalizing the sale.

Frequently asked questions

What is the current guideline value of Ambal Nagar?

The current guideline value of Ambal Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2012 to Rs 201 per sq.ft in 2017, then back to Rs 300 per sq.ft in 2023 and 2024, showing a 0% change from 2023 to 2024.

What is the land classification of Ambal Nagar?

Ambal Nagar is classified as Industries Type - I, indicating its suitability for industrial development.

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

For a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Which office handles registrations for Ambal Nagar?

The Sunguvarchattram Sub Registrar Office is responsible for handling registrations for properties in Ambal Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.