Guideline Value for Ambedkar 1st Cross Street

Ambedkar 1st Cross Street guideline value

The current guideline value of Ambedkar 1st Cross Street is Rs 1,100 per sq.ft. This street is located in Selaiyur village and falls under the Selaiyur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Ambedkar 1st Cross Street has changed

The guideline value of Ambedkar 1st Cross Street has seen several revisions over the years. The earliest available figure is from 2012, when the guideline value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. The value then increased to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, effective from 1 July 2024. The change from 2023 to 2024 reflects an increase of 10%, while the change from 2017 to 2023 shows a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. The revisions from 2012 to 2017 saw a decrease of 33% in the guideline value, which was then followed by an increase in the subsequent years.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a guideline value for 2024, ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, indicating that the guideline value of Ambedkar 1st Cross Street is below this median.

• Ambedkar 1st Street: Rs 1,100 per sq.ft (2024)
• Ambedkar 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Ambedkar 2nd Street: Rs 1,100 per sq.ft (2024)
• Ambedkar 3rd Cross Street: Rs 1,100 per sq.ft (2024)
• Ambedkar 3rd Street: Rs 1,100 per sq.ft (2024)
• Ambedkar Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total fees together to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedkar 1st Cross Street?

The Sub Registrar Office that covers Ambedkar 1st Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value can influence the sale price, as it is often used to assess the fair value of the property. Buyers and sellers should be aware of the current guideline value to make informed decisions during the transaction process.

Frequently asked questions

What is the current guideline value of Ambedkar 1st Cross Street?

The current guideline value of Ambedkar 1st Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Which office handles property registrations for Ambedkar 1st Cross Street?

The Selaiyur Sub Registrar Office handles property registrations for Ambedkar 1st Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

How does the guideline value affect property transactions?

The guideline value is used as a reference for the minimum registration value of properties, impacting the stamp duty and registration fees during transactions. It ensures that the government receives appropriate revenue from property sales.