Guideline Value for Ambedhkar Nagar

Ambedhkar Nagar guideline value

The current guideline value of Ambedhkar Nagar is Rs 160 per sq.ft, effective from the 2024 revision. This area is located in Periyapalayam village under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

How the guideline value of Ambedhkar Nagar has changed

The guideline value for Ambedhkar Nagar has undergone several revisions over the years. In 2007, the value was set at Rs 100 per sq.ft, which increased to Rs 160 per sq.ft in the 2012 revision. However, this figure remained unchanged until the 2017 revision, where it rose to Rs 107 per sq.ft, marking a 50% increase from the previous figure. The value then returned to Rs 160 per sq.ft in 2023 and has remained the same in the 2024 revision, indicating a 0% change between these two years. The register has no figure for this street for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 60%. The fluctuations in the guideline value reflect the changes in the market and land classification, with the latest figure of Rs 160 per sq.ft being consistent with previous revisions from 2012 and 2023.

Guideline values in Periyapalayam

In Periyapalayam, there are 31 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 160 to Rs 600 per sq.ft, with a median value of Rs 200 per sq.ft. Ambedhkar Nagar's 2024 figure is below this median.

• Bazzar Street: Rs 600 per sq.ft (2024)
• B.V.S.Vasantham Nagar: Rs 200 per sq.ft (2024)
• Danduma Nagar: Rs 200 per sq.ft (2024)
• Darma Raja Kovil Street: Rs 250 per sq.ft (2024)
• Eswaran Koil Street: Rs 600 per sq.ft (2024)
• J.H. Nagar Annex: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedhkar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 160 per sq.ft, the total guideline value amounts to Rs 1,60,000. The stamp duty at 7% would be Rs 11,200, and the registration fee at 2% would be Rs 3,200, together totaling Rs 14,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedhkar Nagar?

The Sub Registrar Office that covers Ambedhkar Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more information.

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

When buying or selling property in Periyapalayam, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used to calculate the applicable fees during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly affects the financial aspects of property transactions. Ensuring that the transaction is registered at the correct guideline value helps in maintaining transparency and legality in property dealings.

Frequently asked questions

What is the current guideline value of Ambedhkar Nagar?

The current guideline value of Ambedhkar Nagar is Rs 160 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 160 per sq.ft in 2012, then to Rs 107 per sq.ft in 2017, and back to Rs 160 per sq.ft in 2023 and 2024.

What are the guideline values of other streets in Periyapalayam?

Other streets in Periyapalayam have varying guideline values, with rates ranging from Rs 160 to Rs 600 per sq.ft. The median value for the area is Rs 200 per sq.ft.

What is the stamp duty rate for property in Ambedhkar Nagar?

The stamp duty rate for property transactions in Ambedhkar Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ambedhkar Nagar?

The Sub Registrar Office for Ambedhkar Nagar is located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find more information through the provided link.