Guideline Value for Ambal Nagar

Ambal Nagar guideline value

The current guideline value of Ambal Nagar, located in Tambaram village under the Tambaram Joint 1 SRO, is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - II land classification.

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 guideline value was Rs 400 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in 2012, marking a 400% rise. However, it then decreased to Rs 1,340 per sq.ft in 2017, representing a 33% drop. The value continued to rise, reaching Rs 2,000 per sq.ft in 2023, and then further increasing to the current Rs 2,200 per sq.ft in 2024, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The changes reflect a complex history of fluctuations, with significant increases and decreases across the revisions.

Guideline values in Tambaram

In Tambaram, there are a total of 360 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 8,250 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Ambal Nagar's 2024 figure below this median.

• Amal Nagar: Rs 2,200 per sq.ft (2024)
• Ambedhkar Street: Rs 2,200 per sq.ft (2024)
• Albin Nagar: Rs 2,200 per sq.ft (2024)
• Alamelupuram: Rs 3,300 per sq.ft (2024)
• Alagesan Street: Rs 6,600 per sq.ft (2024)
• Abdul Razak Street: Rs 6,600 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 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty is calculated at 7%, which totals Rs 1,54,000, and the registration fee is 2%, amounting to Rs 44,000. In total, the fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, 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 Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

When buying or selling property in Tambaram, the guideline value is a crucial factor as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees, ensuring that the transaction is documented accurately and legally.

The guideline value serves as a benchmark for property transactions, helping to maintain transparency in the real estate market. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations 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 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 450% over this period.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office is responsible for Ambal Nagar?

The Tambaram Joint 1 Sub Registrar Office is responsible for Ambal Nagar, located at No.26, Mes Road, East Tambaram, Chennai-600059.

What is the land classification of Ambal Nagar?

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