Guideline Value for Ambal Nagar

Ambal Nagar guideline value

The current guideline value of Ambal Nagar, located in Santhavellur village under the Sunguvarchattram SRO, is Rs 400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

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 guideline value was Rs 400 per sq.ft. This figure remained unchanged in the subsequent revision of 2017, where it was also Rs 400 per sq.ft. However, a significant change occurred in the 2017 revision, as it increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase. The 2023 revision maintained the same value of Rs 400 per sq.ft, and the 2024 revision also reflects this unchanged value.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained stable at Rs 400 per sq.ft.

Guideline values in Santhavellur

In Santhavellur, there are 63 streets under the Sunguvarchattram SRO that have a guideline value for 2024, ranging from Rs 200 to Rs 2,800 per sq.ft. The median guideline value for these streets is Rs 500 per sq.ft, placing Ambal Nagar's 2024 figure below that median.

• Ambethkar Street: Rs 200 per sq.ft (2024)
• Andal Nagar: Rs 400 per sq.ft (2024)
• Andal nagar Extension: Rs 500 per sq.ft (2024)
• Abdul Rahim street II: Rs 700 per sq.ft (2024)
• Abdul Rahim street I: Rs 700 per sq.ft (2024)
• Abdul Rahim Street: Rs 700 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, charged at 7%, would be Rs 28,000, while the registration fee at 2% would be Rs 8,000, bringing the total cost for these fees to Rs 36,000. It is important to note that duty is charged on the higher of the guideline value and 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 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Santhavellur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction. It is essential to consider the guideline value to avoid any discrepancies during registration.

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 remained at Rs 400 per sq.ft since 2012, with a significant increase from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023. The value has not changed from 2023 to 2024.

What is the land classification for Ambal Nagar?

The land classification for Ambal Nagar is Residential Special Type - III.

What are the guideline values for other streets in Santhavellur?

Other streets in Santhavellur have varying guideline values, ranging from Rs 200 to Rs 700 per sq.ft for 2024. The median value for these streets is Rs 500 per sq.ft.

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

The Sub Registrar Office covering Ambal Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find more details through the appropriate links.