Guideline Value for Ambal Nagar

Ambal Nagar guideline value

The current guideline value of Ambal Nagar, located in Santhavellur_C village under the Sunguvarchattram SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - III.

How the guideline value of Ambal Nagar has changed

Over the years, the guideline value for Ambal Nagar has seen several revisions. The most recent revision in 2024 maintains the guideline value at Rs 400 per sq.ft, which is the same as the 2023 revision. Prior to that, the 2017 revision set the value at Rs 268 per sq.ft, marking a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. This lack of data means that the only revisions we can reference are from 2017, 2023, and 2024.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 2,000 per sq.ft. The median guideline value for this area is Rs 350 per sq.ft, placing Ambal Nagar's 2024 figure above 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 would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total to Rs 36,000. It is essential 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 detailed calculations.

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.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in property transactions within Santhavellur_C. It serves as a reference point for determining the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When registering a property, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the sale price. This ensures that the correct amount is paid to the registration department, facilitating a smooth transaction.

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 from 2023 to 2024, and it increased by 49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023.

What is the land classification of Ambal Nagar?

Ambal Nagar is classified as Residential Special Type - III according to the local land classification guidelines.

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

The Sub Registrar Office for Ambal Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ambal Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000, leading to a stamp duty of Rs 28,000.