Guideline Value for Ambedhkar Nagar 3rd Street

Ambedhkar Nagar 3rd Street guideline value

The current guideline value of Ambedhkar Nagar 3rd 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 3rd Street has changed

Over the years, the guideline value for Ambedhkar Nagar 3rd Street has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 67 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49% to Rs 100 per sq.ft, and it has remained at this rate through the 2024 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 100 per sq.ft.

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, with a median value of Rs 150 per sq.ft. The guideline value for Ambedhkar Nagar 3rd Street is below this median.

• Ambedhkar Nagar 2nd Street: Rs 100 per sq.ft (2024)
• Ambedhkar Nagar 1st 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 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the 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, 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambedhkar Nagar 3rd Street?

The Sub Registrar Office that covers Ambedhkar Nagar 3rd Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Perinjampakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps maintain transparency in property transactions and ensures that all parties are aware of the costs involved in the registration process.

Frequently asked questions

What is the current guideline value of Ambedhkar Nagar 3rd Street?

The current guideline value of Ambedhkar Nagar 3rd 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 from 2012 to 2024, with a drop to Rs 67 per sq.ft in 2017 before returning to Rs 100 per sq.ft in 2023.

What is the land classification for Ambedhkar Nagar 3rd Street?

Ambedhkar Nagar 3rd Street is classified as Residential Class IV Type - I.

Which office handles property registrations in this area?

The Sriperumpudur Sub Registrar Office handles property registrations for Ambedhkar Nagar 3rd Street, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Ambedhkar Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 9,000.