Guideline Value for Ambedhkar Nagar

Ambedhkar Nagar guideline value

The current guideline value of Ambedhkar Nagar is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Pillaippakkam-A village under the Sriperumpudur SRO and is classified as Residential Class IV 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 register shows no figures for the years 2002, 2003, 2007, and 2012. In the 2017 revision, the guideline value was Rs 67 per sq.ft. This value remained unchanged in the 2023 revision, where it was also Rs 100 per sq.ft. The latest revision in 2024 maintained this figure at Rs 100 per sq.ft, resulting in a 49% increase from the 2017 value.

From 2017 to 2023, the guideline value increased by 49%. However, from 2023 to 2024, there was no change in the guideline value, remaining at Rs 100 per sq.ft. Overall, from 2017 to 2024, the guideline value has increased by 49%.

Guideline values in Pillaippakkam-A

In Pillaippakkam-A, there are 49 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 1,254 per sq.ft, with a median value of Rs 300 per sq.ft. The guideline value of Ambedhkar Nagar is below this median.

• Amman Koil Street: Rs 200 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Beauty Farms: Rs 300 per sq.ft (2024)
• Beauty Greens: Rs 300 per sq.ft (2024)
• Beauty kingdom: Rs 300 per sq.ft (2024)
• Bhirundhavan Nagar: Rs 400 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 100 per sq.ft, the total 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, bringing the total to 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?

The Sub Registrar Office that covers Ambedhkar Nagar 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 Pillaippakkam-A

The guideline value plays a crucial role during the registration of property transactions in Pillaippakkam-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value is referenced to ensure that the transaction complies with legal requirements. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ambedhkar Nagar?

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

How much has the guideline value changed over the years?

From 2017 to 2023, the guideline value increased by 49%. The value remained unchanged from 2023 to 2024, resulting in an overall increase of 49% from 2017 to 2024.

What are the other streets in Pillaippakkam-A?

Other streets in Pillaippakkam-A include Amman Koil Street, Bajanai Koil Street, Beauty Farms, Beauty Greens, Beauty kingdom, and Bhirundhavan Nagar, with varying guideline values.

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

For a 1,000 sq.ft plot, the total guideline value is 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 office handles property registration for Ambedhkar Nagar?

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