Guideline Value for Ambedhkar Nagar

Ambedhkar Nagar guideline value

The current guideline value of Ambedhkar Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This locality is situated in Pulikoradu village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Ambedhkar Nagar has changed

The guideline value for Ambedhkar Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 200 per sq.ft, which increased significantly to Rs 600 per sq.ft in 2012, marking a 200% rise. The value then rose to Rs 800 per sq.ft in 2023, reflecting a 33% increase from the previous revision.

As of the 2024 revision, the guideline value is Rs 880 per sq.ft, which represents a 10% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 340%. It is important to note that the register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Pulikoradu

In Pulikoradu, there are 62 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 6,600 per sq.ft, with the median being Rs 880 per sq.ft. The guideline value for Ambedhkar Nagar is equal to this median.

• Amman Koil Street: Rs 880 per sq.ft (2024)
• Amman Koil Street Vettian Kulam: Rs 880 per sq.ft (2024)
• Anna Street: Rs 880 per sq.ft (2024)
• Arputham nagar: Rs 880 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,650 per sq.ft (2024)
• Bharathi Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedhkar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. 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 Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Pulikoradu. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a reference point for the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Ambedhkar Nagar?

The current guideline value of Ambedhkar Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 200 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting a total increase of 340% over the years.

What are the other streets in Pulikoradu with the same guideline value?

Other streets in Pulikoradu with the same guideline value of Rs 880 per sq.ft include Amman Koil Street, Amman Koil Street Vettian Kulam, Anna Street, and Arputham nagar.

What fees are associated with buying property in Ambedhkar Nagar?

When buying property in Ambedhkar Nagar, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Ambedhkar Nagar is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.