Guideline Value for Ambedkar 3rd Cross Street

Ambedkar 3rd Cross Street guideline value

The current guideline value of Ambedkar 3rd Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Ambedkar 3rd Cross Street has changed

The guideline value for Ambedkar 3rd Cross Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. In 2023, the value increased to Rs 1,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Between the revisions, the changes were significant. From 2017 to 2023, there was a notable increase of 49%. The overall change from 2012 to 2024 shows a slight increase of 10%, indicating fluctuations in the guideline value over the years.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO, with guideline values 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, which means that the guideline value for Ambedkar 3rd Cross Street is below the median.

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

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property.

Which Sub Registrar Office covers Ambedkar 3rd Cross Street?

The Sub Registrar Office that covers Ambedkar 3rd 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 is a crucial factor in the registration process of property transactions in Selaiyur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When a buyer purchases a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is aligned with the official valuation set by the Registration Department. This helps maintain transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Ambedkar 3rd Cross Street?

The current guideline value of Ambedkar 3rd 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 is the land classification for Ambedkar 3rd Cross Street?

Ambedkar 3rd Cross Street is classified as Residential Class IV Type - I.

Where is the Sub Registrar Office located for Ambedkar 3rd Cross Street?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for properties in Ambedkar 3rd Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000.