Guideline Value for Ambedhkar Nagar

Ambedhkar Nagar guideline value

The current guideline value of Ambedhkar Nagar is Rs 101 per sq.ft, effective from 1 July 2024. This area falls under Valathancheri village and is registered with the Sriperumpudur Sub Registrar Office (SRO). The land classification for this locality is Residential Class I Type - I.

How the guideline value of Ambedhkar Nagar has changed

Over the years, the guideline value of Ambedhkar Nagar has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which then dropped to Rs 67 per sq.ft in the 2017 revision. This was a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 100 per sq.ft, marking a 49% rise. The latest revision in 2024 has raised the guideline value to Rs 101 per sq.ft, reflecting a 1% increase from the previous year.

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 just 1%.

Guideline values in Valathancheri

Currently, there are no specific guideline values provided for other streets in Valathancheri. Ambedhkar Nagar is the only street mentioned in the available data.

Stamp duty and registration fee for property in Ambedhkar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 101 per sq.ft, the guideline value amounts to Rs 1,01,000. The stamp duty, charged at 7%, would be Rs 7,070, while the registration fee at 2% would be Rs 2,020. The total cost for stamp duty and registration fees together would be Rs 9,090. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

When buying or selling property in Ambedhkar Nagar, the guideline value plays a crucial role in determining the registration fees and stamp duty. The government uses this value to calculate the applicable charges, ensuring that all transactions are recorded accurately.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. This value serves as a benchmark for the registration process and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ambedhkar Nagar?

The current guideline value of Ambedhkar Nagar is Rs 101 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 101 per sq.ft in 2024.

What is the stamp duty for property in Ambedhkar Nagar?

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

Where is the Sriperumpudur Sub Registrar Office located?

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the guideline value determined?

The guideline value is determined by the Registration Department's guideline value register, which is revised periodically to reflect changes in property values.