Guideline Value for Ambedhkar Street, Periyar Nagar

Ambedhkar Street, Periyar Nagar guideline value

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

How the guideline value of Ambedhkar Street, Periyar Nagar has changed

The guideline value for Ambedhkar Street has seen significant changes over the years. The oldest recorded revision available is from 2017, where the guideline value was Rs 1,206 per sq.ft. This figure increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 raised the value further to Rs 1,980 per sq.ft, a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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, placing Ambedhkar Street's 2024 figure below this median.

• Ambedhkar Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Ambedkar 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, Periyar Nagar

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, leading to a total of 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 details.

Which Sub Registrar Office covers Ambedhkar Street, Periyar Nagar?

The Sub Registrar Office that covers Ambedhkar Street, Periyar Nagar 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 critical factor in the registration process of property transactions in Pammal. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the property is not sold below a certain value.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of Ambedhkar Street, Periyar Nagar?

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

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 64%, rising from Rs 1,206 per sq.ft to Rs 1,980 per sq.ft.

What is the stamp duty rate for properties in Ambedhkar Street?

The stamp duty rate for properties in Ambedhkar Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, which is above the current guideline value of Ambedhkar Street.