Guideline Value for Ambedhkar Street

Ambedhkar Street guideline value

The current guideline value of Ambedhkar Street is Rs 300 per sq.ft. This street is located in Mevaloorkuppam B village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ambedhkar Street has changed

According to the guideline value register, there have been no figures recorded for Ambedhkar Street in the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision maintained the guideline value at Rs 300 per sq.ft, which remained unchanged in the 2024 revision, effective from 1 July 2024.

From 2023 to 2024, there was a change of +0%, indicating that the guideline value has remained stable at Rs 300 per sq.ft during this period.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 6,200 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, making the guideline value of Ambedhkar Street below the median.

• Anna Nagar: Rs 300 per sq.ft (2024)
• Anna Street: Rs 300 per sq.ft (2024)
• APMS Nagar: Rs 1,320 per sq.ft (2024)
• Arakkonam Salai: Rs 1,320 per sq.ft (2024)
• Arlington County Phase - IV: Rs 1,344 per sq.ft (2024)
• Arlington County Ph.I: Rs 1,320 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. 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 further calculations.

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 Mevaloorkuppam B

The guideline value is a crucial factor during the registration process of property transactions in Mevaloorkuppam B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring compliance with the regulations set by the Registration Department.

When buying or selling property, the guideline value helps in establishing a fair basis for the transaction. It is essential for both buyers and sellers to be aware of the guideline value to understand the financial implications involved in the property transfer.

Frequently asked questions

What is the current guideline value of Ambedhkar Street?

The current guideline value of Ambedhkar Street is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There have been no recorded figures for Ambedhkar Street in the years 2002, 2003, 2007, 2012, and 2017. The guideline value remained at Rs 300 per sq.ft in both the 2023 and 2024 revisions.

What is the median guideline value in Mevaloorkuppam B?

The median guideline value in Mevaloorkuppam B is Rs 400 per sq.ft. Ambedhkar Street's guideline value is below this median.

What are the stamp duty and registration fees for properties in Ambedhkar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,00,000. The stamp duty would be Rs 21,000 and the registration fee would be Rs 6,000, totaling Rs 27,000.

Where is the Sub Registrar Office for Ambedhkar Street located?

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