Guideline Value for Ambattur Kuppam

Ambattur Kuppam guideline value

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

How the guideline value of Ambattur Kuppam has changed

Over the years, the guideline value for Ambattur Kuppam has seen several revisions. The 2012 revision set the value at Rs 3,300 per sq.ft, which was later reduced to Rs 2,211 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,300 per sq.ft, and the current 2024 revision has set it at Rs 3,600 per sq.ft, marking a 9% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 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, there are 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, which is equal to the current value for Ambattur Kuppam.

• Ambattur Kuppam T.P.Scheme: 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

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

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambattur Kuppam?

The Ambattur Kuppam 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 Ambattur

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Ambattur, the guideline value is used to calculate applicable fees such as stamp duty and registration fees.

During the registration process, the guideline value serves as a benchmark to ensure that properties are not undervalued. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Ambattur Kuppam?

The current guideline value of Ambattur Kuppam 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 several times, with the most recent increase being from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024. Overall, from 2012 to 2024, the guideline value has increased by 9%.

What is the registration fee for property in Ambattur Kuppam?

The registration fee is calculated based on the guideline value. For example, a property valued at Rs 36,00,000 would incur a registration fee of Rs 72,000 at 2%.

Which office handles property registrations in Ambattur Kuppam?

The Ambattur Sub Registrar Office handles property registrations in Ambattur Kuppam, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053.

What are the other streets with guideline values in Ambattur?

There are several other streets in Ambattur with varying guideline values. For example, Alagesan Nagar and Agathiar Street (Ramapuram) both have a guideline value of Rs 3,600 per sq.ft in 2024.