Guideline Value for Ambedhkar Street, Nagelkeni

Ambedhkar Street, Nagelkeni guideline value

The current guideline value of Ambedhkar Street, Nagelkeni is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and falls under the Residential Class II Type - II land classification.

How the guideline value of Ambedhkar Street, Nagelkeni has changed

The guideline value for Ambedhkar Street, Nagelkeni has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,980 per sq.ft, which is a 10% increase from Rs 1,800 per sq.ft in 2023. Prior to that, the 2017 revision recorded a guideline value of Rs 1,206 per sq.ft. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The significant changes include a 49% increase from 2017 to 2023, followed by the 10% rise from 2023 to 2024.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value for these streets is Rs 2,090 per sq.ft, positioning Ambedhkar Street, Nagelkeni below this median.

• Ambedhkar Street, Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Ambedhkar Nagar( All Streets): Rs 1,980 per sq.ft (2024)
• Ambedhkar Street, Pammal: Rs 1,980 per sq.ft (2024)
• Ambedhkar Street /Ponni Nagar: Rs 1,980 per sq.ft (2024)
• Ambedhkar Street (Thiru Nagar): Rs 1,980 per sq.ft (2024)
• Alandur Abraham Street (Muvendar Nagar): Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedhkar Street, Nagelkeni

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees together to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ambedhkar Street, Nagelkeni?

The Sub Registrar Office that covers Ambedhkar Street, Nagelkeni is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Pammal

The guideline value is a crucial factor in property transactions in Pammal, as it determines the minimum value at which a property can be registered. It is used to calculate the stamp duty and registration fees, which are mandatory costs incurred during the buying or selling process.

When purchasing property, buyers should be aware that the guideline value may differ from the actual sale price. The stamp duty is charged on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ambedhkar Street, Nagelkeni?

The current guideline value of Ambedhkar Street, Nagelkeni is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

From 2017 to 2024, the guideline value has increased by 64%. The most significant changes were a 49% increase from 2017 to 2023, followed by a 10% increase from 2023 to 2024.

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

Other streets in Pammal with the same guideline value of Rs 1,980 per sq.ft in 2024 include Ambedhkar Street, Periyar Nagar, Ambedkar Nagar (All Streets), Ambedkar Street, Pammal, Ambedkar Street /Ponni Nagar, Ambedkar Street (Thiru Nagar), and Alandur Abraham Street (Muvendar Nagar).

What are the fees associated with buying property in Ambedhkar Street, Nagelkeni?

The fees associated with buying property include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, these fees would total Rs 1,78,200.

Where can I find the Sub Registrar Office for Ambedhkar Street, Nagelkeni?

The Sub Registrar Office for Ambedhkar Street, Nagelkeni is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about your SRO online.