Guideline Value for Ambedkar Cross Street

Ambedkar Cross Street guideline value

The current guideline value of Ambedkar Cross Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Rajakilpakkam village, under the Selaiyur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Ambedkar Cross Street has changed

The guideline value for Ambedkar Cross Street has undergone several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,900 per sq.ft as of the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The most recent change from 2023 to 2024 reflects a 6% increase, resulting in an overall change of +6% from 2012 to 2024.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,150 per sq.ft, placing Ambedkar Cross Street's 2024 figure below this median.

• Ambedkar Street: Rs 1,900 per sq.ft (2024)
• Alavattamman Koil Street: Rs 1,900 per sq.ft (2024)
• Agananooru Street: Rs 1,600 per sq.ft (2024)
• Anjaneyar Koil Sannathy Street North: Rs 1,300 per sq.ft (2024)
• Anjaneyar Koil Sannathy Street South: Rs 1,300 per sq.ft (2024)
• Anna 1st Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total cost for these fees to Rs 1,71,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambedkar Cross Street?

The Sub Registrar Office that covers Ambedkar 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 Rajakilpakkam

The guideline value is a crucial factor when buying or selling property in Rajakilpakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure they are compliant with the regulations set by the Registration Department.

When a property is registered, the guideline value serves as a benchmark for calculating the fees. It is essential that both parties understand the implications of the guideline value on the overall transaction costs, as these fees can significantly affect the total expenditure involved in property transactions.

Frequently asked questions

What is the current guideline value of Ambedkar Cross Street?

The current guideline value of Ambedkar Cross Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,900 per sq.ft as of 2024.

What is the land classification for Ambedkar Cross Street?

Ambedkar Cross Street is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for Ambedkar Cross Street?

The Selaiyur Sub Registrar Office covers Ambedkar Cross Street and is located at No.36, Bharathmatha Salai (opp to Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 19,00,000 would incur a stamp duty of Rs 1,33,000 at 7%.