Guideline Value for Ambal nagar Thamarai Street (West)

Ambal nagar Thamarai Street (West) guideline value

The current guideline value of Ambal nagar Thamarai Street (West) is Rs 3,960 per sq.ft, effective from 1 July 2024. This street is located in Porur village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Ambal nagar Thamarai Street (West) has changed

The guideline value of Ambal nagar Thamarai Street (West) has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 3,600 per sq.ft. This was followed by a decrease to Rs 2,412 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased significantly to Rs 3,600 per sq.ft, and in the latest 2024 revision, it rose to Rs 3,960 per sq.ft, reflecting a 10% increase from the previous year.

Between 2017 and 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur village, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, which is equal to the 2024 guideline value of Ambal nagar Thamarai Street (West).

• Ambal Nagar Thamarai Street - Lane: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Thazhamboo 1st Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Thamarai Street (East): Rs 3,960 per sq.ft (2024)
• Ambal Nagar Thazhamboo 2nd Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Soorya Gandhi Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Roja Street: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Ambal nagar Thamarai Street (West)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to Rs 2,77,200, while the registration fee at 2% would be Rs 79,200. Together, the total cost for stamp duty and registration fee would be Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambal nagar Thamarai Street (West)?

The Sub Registrar Office that covers Ambal nagar Thamarai Street (West) is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Porur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value, as it directly impacts the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, regardless of the actual sale price.

Frequently asked questions

What is the current guideline value of Ambal nagar Thamarai Street (West)?

The current guideline value of Ambal nagar Thamarai Street (West) is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2012 to Rs 2,412 per sq.ft in 2017, then back to Rs 3,600 per sq.ft in 2023, and finally to Rs 3,960 per sq.ft in 2024.

What is the land classification for Ambal nagar Thamarai Street (West)?

The land classification for Ambal nagar Thamarai Street (West) is Residential Special Type - I.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How are stamp duty and registration fees calculated in Porur?

Stamp duty and registration fees in Porur are calculated based on the higher of the guideline value and the sale price of the property. This ensures compliance with government regulations during property transactions.