Guideline Value for Ambedhkar Nagar 2nd Street

Ambedhkar Nagar 2nd Street guideline value

The current guideline value of Ambedhkar Nagar 2nd Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Perinjampakkam village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Ambedhkar Nagar 2nd Street has changed

Over the years, the guideline value for Ambedhkar Nagar 2nd Street has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged in the 2023 revision. The 2017 revision recorded a lower value of Rs 67 per sq.ft, marking a decrease of 33% from the 2012 figure. Notably, the 2024 revision returned to Rs 100 per sq.ft, resulting in an overall change of 0% from 2012 to 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 100 per sq.ft in 2023. The latest revision in 2024 has maintained this value, showing no change from the previous year.

Guideline values in Perinjampakkam

In Perinjampakkam, there are 18 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value among these streets is Rs 150 per sq.ft, indicating that the guideline value of Ambedhkar Nagar 2nd Street is below this median.

• Ambedhkar Nagar 1st 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 2nd Street

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

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Ambedhkar Nagar 2nd Street?

The Sub Registrar Office that covers Ambedhkar Nagar 2nd 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 information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Perinjampakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the registration process. This transparency helps facilitate smoother transactions in the real estate market.

Frequently asked questions

What is the current guideline value of Ambedhkar Nagar 2nd Street?

The current guideline value of Ambedhkar Nagar 2nd 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 in 2012, 2023, and 2024, while it was Rs 67 per sq.ft in 2017. There was a 49% increase from 2017 to 2023, but no overall change from 2012 to 2024.

What is the land classification for Ambedhkar Nagar 2nd Street?

Ambedhkar Nagar 2nd Street is classified as Residential Class IV Type - I, indicating its designation for residential use.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot at Rs 100 per sq.ft, the total fees would amount to Rs 9,000.

Which office handles registrations for Ambedhkar Nagar 2nd Street?

The Sriperumpudur Sub Registrar Office handles registrations for Ambedhkar Nagar 2nd Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.