Guideline Value for Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar)

Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar) guideline value

The current guideline value for Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar) is Rs 3,801 per sq.ft, effective from 1 July 2024. This colony is located in Thirumullaivoyal village and falls under the Ambattur SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar) has changed

The guideline value for Ambattu Oragadam Co-operative Building Society Colony has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 3,500 per sq.ft, which remained unchanged in the 2017 revision. However, in 2017, the value dropped to Rs 2,345 per sq.ft. In 2023, the value increased to Rs 3,500 per sq.ft, and the most recent revision in 2024 has set it at Rs 3,801 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The change from 2023 to 2024 is an increase of 9%. Overall, comparing the figures from 2012 to 2024, there has been a total increase of 9%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO, with guideline values ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, and the guideline value for Ambattu Oragadam Co-operative Building Society Colony is above this median.

• Ambattu Oragadam Co-operative Building Society Colony (S.No.880/1, 2, 3): Rs 1,900 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,500 per sq.ft (2024)
• Ambedkar Road 2nd Street: Rs 1,500 per sq.ft (2024)
• Ambedkar Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Al Ameen Nagar Extn.,: Rs 880 per sq.ft (2024)
• Al Ameen Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,801 per sq.ft, the total guideline value amounts to Rs 38,01,000. The stamp duty at 7% would be Rs 2,66,070, and the registration fee at 2% would be Rs 76,020, bringing the total to Rs 3,42,090. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar)?

The Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar) is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thirumullaivoyal. It is the benchmark used to calculate the stamp duty and registration fees that are applicable when buying or selling property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value for Ambattu Oragadam Co-operative Building Society Colony?

The current guideline value for Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar) is Rs 3,801 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2023 to Rs 3,801 per sq.ft in 2024, marking an increase of 9%. The value increased from Rs 2,345 per sq.ft in 2017 to Rs 3,500 per sq.ft in 2023, which is a 49% increase.

What is the land classification for this area?

The land classification for Ambattu Oragadam Co-operative Building Society Colony is Mixed Type - I. This classification indicates the type of development and usage permitted in the area.

What are the stamp duty and registration fees for a property in this colony?

For a property valued at Rs 38,01,000, the stamp duty would be Rs 2,66,070 and the registration fee would be Rs 76,020, totaling Rs 3,42,090. These fees are calculated based on the guideline value.

Which Sub Registrar Office covers this area?

The Ambattur Sub Registrar Office covers Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar). It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.