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 Ayakolathur village under the Sriperumpudur SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Ambedhkar Street has changed

The guideline value for Ambedhkar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which was a decrease of 33% from Rs 67 per sq.ft in the 2017 revision. The 2017 revision marked a significant increase of 49% compared to the previous revision. Following that, the guideline value remained unchanged at Rs 100 per sq.ft in both the 2023 and 2024 revisions, indicating a 0% change between these two years. The register has no figure for this street for the years 2002, 2003, and 2007.

Overall, comparing the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 100 per sq.ft. This indicates a stable value over the years, despite fluctuations in previous revisions.

Guideline values in Ayakolathur

In Ayakolathur village, there are 15 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 700 per sq.ft, with a median value of Rs 200 per sq.ft. Ambedhkar Street's 2024 guideline value is below this median.

• Anna Street: Rs 200 per sq.ft (2024)
• Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Chand Nagar: Rs 300 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 300 per sq.ft (2024)
• Kakkajji Street: Rs 150 per sq.ft (2024)
• Main Road: Rs 700 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 100 per sq.ft, the guideline value amounts to Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

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 details.

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

The guideline value is a crucial factor when buying or selling property in Ayakolathur, as it helps determine the stamp duty and registration fees applicable during the transaction. The guideline value serves as a benchmark for the official valuation of the property, ensuring that the taxes are calculated based on a standardized rate.

When a property is registered, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the market.

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 changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023 and 2024, with no figures available for the years 2002, 2003, and 2007.

What are the other streets in Ayakolathur and their guideline values?

Other streets in Ayakolathur have varying guideline values, ranging from Rs 100 to Rs 700 per sq.ft. For example, Anna Street is Rs 200 per sq.ft, while Main Road is Rs 700 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 Sub Registrar Office for Ambedhkar Street?

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