Guideline Value for Ambattur Kuppam T.P.Scheme

Ambattur Kuppam T.P.Scheme guideline value

The current guideline value of Ambattur Kuppam T.P.Scheme is Rs 3,600 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village, under the jurisdiction of Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ambattur Kuppam T.P.Scheme has changed

The guideline value for Ambattur Kuppam T.P.Scheme has undergone several revisions over the years. The oldest recorded figure is from 2012, which was Rs 3,300 per sq.ft. This was followed by a decrease to Rs 2,211 per sq.ft in 2017. The subsequent revision in 2023 saw an increase to Rs 3,300 per sq.ft, and the most recent revision in 2024 has set the guideline value at Rs 3,600 per sq.ft, marking a 9% increase from the previous year.

Between the revisions, the changes are notable: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a net increase of 9%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, which is equal to the current value for Ambattur Kuppam T.P.Scheme.

• Ambattur Kuppam: Rs 3,600 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,800 per sq.ft (2024)
• Amman Koil Street: Rs 1,800 per sq.ft (2024)
• Alagesan Nagar: Rs 3,600 per sq.ft (2024)
• Agathiar Street(Ramapuram): Rs 3,600 per sq.ft (2024)
• Abirami Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ambattur Kuppam T.P.Scheme

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total fees together to Rs 3,24,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambattur Kuppam T.P.Scheme?

The Sub Registrar Office that covers Ambattur Kuppam T.P.Scheme is located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is an essential factor in the registration process of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ambattur Kuppam T.P.Scheme?

The current guideline value of Ambattur Kuppam T.P.Scheme is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, reflecting a 9% increase. It was Rs 2,211 per sq.ft in 2017 and Rs 3,300 per sq.ft in 2012.

What is the registration fee for property in Ambattur Kuppam T.P.Scheme?

The registration fee is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot valued at Rs 36,00,000 would incur a registration fee of Rs 72,000 at 2%.

Where is the Sub Registrar Office for Ambattur Kuppam T.P.Scheme located?

The Sub Registrar Office for Ambattur Kuppam T.P.Scheme is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

What is the land classification for Ambattur Kuppam T.P.Scheme?

Ambattur Kuppam T.P.Scheme is classified as Residential Class I Type - I, indicating its suitability for residential development.