Guideline Value for Ambedhkar Street

Ambedhkar Street guideline value

The current guideline value of Ambedhkar Street is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Arani village, under the Arani_Tiruvallur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Ambedhkar Street has changed

The guideline value for Ambedhkar Street has seen several revisions over the years. In 2012, the value was set at Rs 200 per sq.ft. This remained unchanged until the next revision in 2017, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 200 per sq.ft. The most recent revision in 2024 maintained this figure at Rs 200 per sq.ft, showing no change from the previous year.

It is important to note that the guideline register has no figures for Ambedhkar Street for the years 2002, 2003, and 2007. Overall, the guideline value from 2012 to 2024 has seen no net change, remaining at Rs 200 per sq.ft.

Guideline values in Arani

In Arani village, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Ambedhkar Street's 2024 guideline value of Rs 200 per sq.ft is below this median.

• Amman Koil Street: Rs 500 per sq.ft (2024)
• Athikulam Bazzar Street: Rs 200 per sq.ft (2024)
• Athikulam Street: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 200 per sq.ft (2024)
• Bazzar Street: Rs 600 per sq.ft (2024)
• Bestha Veethi: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedhkar Street

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambedhkar Street?

The Sub Registrar Office that covers Ambedhkar Street is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Arani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Ambedhkar Street?

The current guideline value of Ambedhkar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ambedhkar Street has remained at Rs 200 per sq.ft since 2012, with a drop to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for Ambedhkar Street?

Ambedhkar Street is classified as Residential Class IV Type - I, which is important for determining the applicable guidelines and regulations for property transactions.

What are the stamp duty rates in Arani?

The stamp duty rate in Arani is 7%, and the registration fee is 2%, calculated on the higher of the guideline value or the sale price of the property.

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

The Sub Registrar Office for Ambedhkar Street is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone.