Guideline Value for Ambedhkar Street

Ambedhkar Street guideline value

The current guideline value of Ambedhkar Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Tambaram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Ambedhkar Street has changed

The guideline value for Ambedhkar Street has undergone several revisions over the years. In 2002, the value was Rs 198 per sq.ft, which increased to Rs 227 per sq.ft in 2003, marking a change of +15%. Following this, the value saw a significant rise to Rs 600 per sq.ft in 2007, which was an increase of +164%. The 2012 revision showed a further increase to Rs 2,000 per sq.ft, reflecting a change of +233% from the previous figure. However, this was followed by a decrease to Rs 1,340 per sq.ft in 2017, a drop of -33%.

From 2017 to 2023, the guideline value increased to Rs 2,000 per sq.ft, which was a rise of +49%. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, marking a +10% increase from the previous year. The register has no figure for any other years.

Guideline values in Tambaram

In Tambaram village, there are 360 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Ambedhkar Street's 2024 figure below this median.

• Ambal Nagar: Rs 2,200 per sq.ft (2024)
• Amal Nagar: Rs 2,200 per sq.ft (2024)
• Albin Nagar: Rs 2,200 per sq.ft (2024)
• Alamelupuram: Rs 3,300 per sq.ft (2024)
• Alagesan Street: Rs 6,600 per sq.ft (2024)
• Abdul Razak Street: Rs 6,600 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 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, while the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our 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 Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tambaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will consider the guideline value to calculate the applicable fees. Buyers and sellers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring that the transaction is fairly assessed according to the established rates.

Frequently asked questions

What is the current guideline value of Ambedhkar Street?

The current guideline value of Ambedhkar Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 198 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of +1011% over the years.

What is the registration office for Ambedhkar Street?

The registration office for Ambedhkar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated on properties in Tambaram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, if the guideline value is Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.

What other streets have the same guideline value as Ambedhkar Street?

Other streets in Tambaram with the same guideline value of Rs 2,200 per sq.ft for 2024 include Ambal Nagar, Amal Nagar, and Albin Nagar.