Guideline Value for Ambedhkar Street

Ambedhkar Street guideline value

The current guideline value of Ambedhkar Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Nemili_B village, under the Sriperumpudur 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. The 2017 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2023 revision, where it was again Rs 150 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year, resulting in a 50% increase from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Ambedhkar Street. Thus, the only recorded figures are from 2017, 2023, and 2024, reflecting a consistent guideline value of Rs 150 per sq.ft since 2023.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Ambedhkar Street's 2024 figure is below this median.

• Alamelu puram: Rs 250 per sq.ft (2024)
• Ambrose Garden: Rs 150 per sq.ft (2024)
• Adhi Sankara Nagar: Rs 300 per sq.ft (2024)
• Adhiparasakthi Nagar: Rs 300 per sq.ft (2024)
• Arul Nagar: Rs 250 per sq.ft (2024)
• Asina nagar: Rs 200 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 150 per sq.ft, the guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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 Nemili_B

The guideline value is an essential factor in the registration process of property transactions in Nemili_B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum sale price for registration purposes. This value is crucial for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Ambedhkar Street?

The current guideline value of Ambedhkar Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ambedhkar Street has increased from Rs 100 per sq.ft in 2017 to Rs 150 per sq.ft in both 2023 and 2024, reflecting a 50% increase overall.

What is the land classification for Ambedhkar Street?

Ambedhkar Street is classified as Residential Class IV Type - I, indicating its suitability for residential development.

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.

How is the stamp duty calculated for property in Ambedhkar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 150 per sq.ft incurs a total stamp duty and registration fee of Rs 13,500.