Guideline Value for Ambedhkar Nagar 1st Street

Ambedhkar Nagar 1st Street guideline value

The current guideline value of Ambedhkar Nagar 1st Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Perinjampakkam village, under the Sriperumpudur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Ambedhkar Nagar 1st Street has changed

Over the years, the guideline value for Ambedhkar Nagar 1st Street has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 100 per sq.ft. The 2017 revision recorded a lower value of Rs 67 per sq.ft. The overall change from 2012 to 2024 is +0%, while there was a significant increase of +49% from 2017 to 2023.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Thus, the guideline value has remained stable at Rs 100 per sq.ft since the 2023 revision, with no changes recorded in the latest 2024 revision.

Guideline values in Perinjampakkam

In Perinjampakkam, there are 18 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 150 per sq.ft, indicating that Ambedhkar Nagar 1st Street's 2024 figure is below that median.

• Ambedhkar Nagar 2nd Street: Rs 100 per sq.ft (2024)
• Ambedhkar Nagar 3rd Street: Rs 100 per sq.ft (2024)
• Agatheswarar Nagar: Rs 200 per sq.ft (2024)
• Annai Avenue: Rs 150 per sq.ft (2024)
• Annai Avenue II: Rs 150 per sq.ft (2024)
• Ashok Avenue: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedhkar Nagar 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Ambedhkar Nagar 1st Street?

The Sub Registrar Office that covers Ambedhkar Nagar 1st Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration of property transactions in Perinjampakkam. It is used to determine 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 considered alongside the sale price. The higher of the two figures is used to calculate the applicable duties, ensuring that the registration process is aligned with the current market standards.

Frequently asked questions

What is the current guideline value of Ambedhkar Nagar 1st Street?

The current guideline value of Ambedhkar Nagar 1st Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since the 2023 revision, with an increase from Rs 67 per sq.ft in 2017 to Rs 100 per sq.ft in 2023. Overall, from 2012 to 2024, there has been no change.

What are the other streets in Perinjampakkam with their guideline values?

Other streets in Perinjampakkam include Ambedhkar Nagar 2nd Street and Ambedhkar Nagar 3rd Street, both at Rs 100 per sq.ft, and Agatheswarar Nagar at Rs 200 per sq.ft, among others.

What are the stamp duty and registration fees for property in Ambedhkar Nagar 1st Street?

For a property valued at Rs 1,00,000, the stamp duty would be Rs 7,000 and the registration fee would be Rs 2,000, totaling Rs 9,000.

Which Sub Registrar Office covers Ambedhkar Nagar 1st Street?

The Sub Registrar Office covering Ambedhkar Nagar 1st Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.