Guideline Value for Ambedkar Nagar 2nd Street

Ambedkar Nagar 2nd Street guideline value

The current guideline value of Ambedkar Nagar 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village and falls under the Sembiam SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ambedkar Nagar 2nd Street has changed

The guideline value of Ambedkar Nagar 2nd Street has seen several revisions over the years. The earliest recorded guideline value in 2007 was Rs 700 per sq.ft. This value increased significantly to Rs 2,500 per sq.ft in the 2012 revision, marking a change of 257%. As of the 2024 revision, the guideline value stands at Rs 2,700 per sq.ft, reflecting an 8% increase from the 2012 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2017, and 2023 for this street. Overall, from 2007 to 2024, the guideline value has increased by 286%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Ambedkar Nagar 2nd Street is below this median.

• Ambedkar Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Ambedkar Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Ambedkar Nagar 4th Street: Rs 2,700 per sq.ft (2024)
• Ambedkar Nagar 5th Street: Rs 2,700 per sq.ft (2024)
• Ambedkar Nagar 6th Street: Rs 2,700 per sq.ft (2024)
• Ambedkar Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambedkar Nagar 2nd Street?

The Sub Registrar Office that covers Ambedkar Nagar 2nd Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kolathur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value is also referenced to ensure that the transaction is recorded accurately with the relevant authorities. This helps maintain transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ambedkar Nagar 2nd Street?

The current guideline value of Ambedkar Nagar 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2007?

Since 2007, the guideline value of Ambedkar Nagar 2nd Street has increased by 286%, from Rs 700 per sq.ft to Rs 2,700 per sq.ft in 2024.

What are the other streets with the same guideline value in Kolathur?

Other streets in Kolathur with the same guideline value of Rs 2,700 per sq.ft include Ambedkar Nagar 1st Street, Ambedkar Nagar 3rd Street, Ambedkar Nagar 4th Street, Ambedkar Nagar 5th Street, and Ambedkar Nagar 6th Street.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Ambedkar Nagar 2nd Street?

Stamp duty for properties in Ambedkar Nagar 2nd Street is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.