Guideline Value for Ambani Nagar

Ambani Nagar guideline value

The current guideline value of Ambani Nagar, located in Sethupattu village, is Rs 200 per sq.ft, effective from 1 July 2024. This area falls under the Sriperumpudur SRO and is classified as Residential Special Type - II.

How the guideline value of Ambani Nagar has changed

The guideline value for Ambani Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The 2024 revision has maintained this figure, resulting in no change from the previous year.

There are no recorded guideline values for Ambani Nagar in the revisions of 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 200 per sq.ft.

Guideline values in Sethupattu

Sethupattu village has a total of 23 streets under the Sriperumpudur SRO, with 2024 guideline values ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 300 per sq.ft, indicating that the guideline value of Ambani Nagar is below the median.

• Anna Nagar -II: Rs 400 per sq.ft (2024)
• Bungalow street: Rs 300 per sq.ft (2024)
• Dr.Abdul kalam nagar: Rs 200 per sq.ft (2024)
• Green City: Rs 1,500 per sq.ft (2024)
• Highway Avenue: Rs 200 per sq.ft (2024)
• Mahalakshmi Nagar (Phase-I) (EDEN GARDEN): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Ambani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value is Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total fees Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambani Nagar?

The Sub Registrar Office that covers Ambani Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Sethupattu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation rather than fluctuating market prices.

When a property transaction occurs, the guideline value is assessed to determine the applicable fees. Buyers and sellers must be aware that the guideline value may differ from the actual sale price, and the higher amount will be used to calculate the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Ambani Nagar?

The current guideline value of Ambani Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with fluctuations in previous years. It dropped to Rs 134 per sq.ft in 2017 but returned to Rs 200 per sq.ft by 2023.

What is the land classification for Ambani Nagar?

Ambani Nagar is classified as Residential Special Type - II, which indicates its intended use for residential purposes.

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

The Sub Registrar Office for Ambani Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.