Guideline Value for Ambedhkar Nagar

Ambedhkar Nagar guideline value

The current guideline value of Ambedhkar Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Mudichur village, under the Padappai Sub Registrar Office (SRO), and is classified as Residential Class II Type - I.

How the guideline value of Ambedhkar Nagar has changed

The guideline value for Ambedhkar Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,210 per sq.ft, which is an increase from Rs 1,100 per sq.ft in 2023, marking a 10% rise. Prior to that, in 2017, the value was Rs 737 per sq.ft, reflecting a significant increase of 49% to the 2023 figure. The 2012 revision had the value at Rs 1,100 per sq.ft, which was a decrease of 33% from the 2017 figure.

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, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mudichur

Mudichur village features 135 streets under the Padappai SRO, with 2024 guideline values ranging from Rs 880 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing the 2024 guideline value of Ambedhkar Nagar below this median.

• Ambedkar Street, S.No.72/1 Natham: Rs 3,630 per sq.ft (2024)
• A.L.S.Nagar: Rs 1,760 per sq.ft (2024)
• A.L.S. Greenland: Rs 1,210 per sq.ft (2024)
• Alamelu Nagar: Rs 1,210 per sq.ft (2024)
• Amudham Nagar: Rs 2,200 per sq.ft (2024)
• A.N.Colony: Rs 1,760 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 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, leading to a total of Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mudichur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is standardized and transparent for all property transactions.

Frequently asked questions

What is the current guideline value of Ambedhkar Nagar?

The current guideline value of Ambedhkar Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2023 to Rs 1,210 per sq.ft in 2024, a 10% increase. It was Rs 737 per sq.ft in 2017, which represents a 49% increase to the 2023 figure.

What is the classification of land in Ambedhkar Nagar?

Ambedhkar Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for Ambedhkar Nagar?

The registration office for Ambedhkar Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Mudichur?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, if the guideline value is Rs 12,10,000, the stamp duty at 7% would be Rs 84,700.