Guideline Value for Ambattur Co-op. Nagar

Ambattur Co-op. Nagar guideline value

The current guideline value of Ambattur Co-op. Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Ambattur Co-op. Nagar has changed

The guideline value has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 105 per sq.ft. This increased significantly to Rs 600 per sq.ft in 2007, marking a growth of 471%. The value then rose to Rs 1,200 per sq.ft in 2012, reflecting a 100% increase. However, it dropped to Rs 804 per sq.ft in 2017, a decrease of 33%. The value climbed again to Rs 1,200 per sq.ft in 2023, and most recently to Rs 1,300 per sq.ft in 2024, showing an increase of 8% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1138%. The register has no figure for this street for the year 2002.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO, with guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value for these streets is Rs 1,300 per sq.ft, which is equal to the current figure for Ambattur Co-op. Nagar.

• Ambedkar Street: Rs 550 per sq.ft (2024)
• Ambigai Nagar: Rs 1,300 per sq.ft (2024)
• Amirthananda Mayi street (maruthiram nagar): Rs 1,100 per sq.ft (2024)
• Ananoor Railway Station 1st Cross street (Santhosh nagar): Rs 880 per sq.ft (2024)
• Andavar 1st cross street: Rs 1,700 per sq.ft (2024)
• Andavar Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ambattur Co-op. Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambattur Co-op. Nagar?

The Ambattur Co-op. Nagar area 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 Ayappakkam

The guideline value is a crucial factor when registering property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the transfer of property ownership.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. Buyers should be aware that the duty is assessed based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ambattur Co-op. Nagar?

The current guideline value of Ambattur Co-op. Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 105 per sq.ft in 2003 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 1138% over this period.

What is the registration office for Ambattur Co-op. Nagar?

The registration office for Ambattur Co-op. Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000, and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

What is the land classification of Ambattur Co-op. Nagar?

Ambattur Co-op. Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.