Guideline Value for Ambedhkar Street

Ambedhkar Street guideline value

The current guideline value of Ambedhkar Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Amarampedu village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Ambedhkar Street has changed

Looking back at the revisions, the guideline value for Ambedhkar Street was Rs 100 per sq.ft in 2012, which remained unchanged in the 2023 revision. The 2017 revision saw a decrease to Rs 67 per sq.ft, marking a decline of 33% from the 2012 figure. The most recent revision in 2024 returned the value to Rs 100 per sq.ft, showing an overall change of 0% from 2012 to 2024. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2017 to 2023, the guideline value increased significantly by 49%. However, the guideline value remained the same from 2023 to 2024, indicating stability in this recent period.

Guideline values in Amarampedu

In Amarampedu village, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 500 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Ambedhkar Street's 2024 figure below that median.

• Annapoorani Enclave: Rs 350 per sq.ft (2024)
• Anna Street: Rs 126 per sq.ft (2024)
• Bajanai Koil Street: Rs 350 per sq.ft (2024)
• Blessing Nagar: Rs 126 per sq.ft (2024)
• Ellaiyamman Koil Street: Rs 126 per sq.ft (2024)
• Fab City: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedhkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 100 per sq.ft, the total guideline value amounts to Rs 1,00,000. The stamp duty, calculated at 7%, would be Rs 7,000, while the registration fee at 2% would be Rs 2,000, bringing the total fees to Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedhkar Street?

The Sub Registrar Office that covers Ambedhkar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Amarampedu. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction complies with the legal requirements set by the Registration Department.

Frequently asked questions

What is the current guideline value of Ambedhkar Street?

The current guideline value of Ambedhkar Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with a decrease to Rs 67 per sq.ft in 2017, followed by a return to Rs 100 per sq.ft in 2024. The value remained the same in 2023 as well.

What is the land classification for Ambedhkar Street?

Ambedhkar Street is classified as Residential Class IV Type - I according to the land classification standards.

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

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

How is stamp duty calculated for properties in Ambedhkar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 7,000.