Guideline Value for Ambedhkar Street

Ambedhkar Street guideline value

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

How the guideline value of Ambedhkar Street has changed

Ambedhkar Street has seen several revisions in its guideline value over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. The subsequent 2023 revision brought the value back to Rs 100 per sq.ft, and this figure has remained the same in the 2024 revision, showing no percentage change between 2023 and 2024.

Looking at the changes between the revisions, from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 100 per sq.ft.

Guideline values in Mannoor

In Mannoor village, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, indicating that Ambedhkar Street's 2024 figure is below this median.

• Ambika Nagar: Rs 200 per sq.ft (2024)
• Ananthapuram: Rs 200 per sq.ft (2024)
• Bairavar Nagar: Rs 250 per sq.ft (2024)
• Bajanai Koil Cross Street: Rs 100 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 300 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 would be Rs 1,00,000. The stamp duty at 7% would amount to Rs 7,000, and the registration fee at 2% would be Rs 2,000, bringing the total cost for these fees to Rs 9,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, 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 details.

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

The guideline value is a crucial factor in the registration process for property transactions in Mannoor. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps establish a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

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 changes 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, showing no overall change from 2012 to 2024.

What are the guideline values of other streets in Mannoor?

Other streets in Mannoor have varying guideline values, with rates ranging from Rs 100 to Rs 300 per sq.ft as of 2024. The median value is Rs 250 per sq.ft.

What are the fees associated with property registration?

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

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

The Sriperumpudur Sub Registrar Office is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registrations for properties in Ambedhkar Street.