Guideline Value for Ambedkar Nagar

Ambedkar Nagar guideline value

The current guideline value of Ambedkar Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village and falls under the Ambattur Sub Registrar Office (SRO). The land classification for this street is Residential Class IV Type - III.

How the guideline value of Ambedkar Nagar has changed

The guideline value for Ambedkar Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,700 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 1,139 per sq.ft, a decrease of 33%. The value then increased to Rs 1,700 per sq.ft in the 2023 revision, and further rose to Rs 1,800 per sq.ft in the 2024 revision, marking a 6% increase from the previous year.

Notably, the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value of Ambedkar Nagar is below this median.

• Ambattur Kuppam T.P.Scheme: Rs 3,600 per sq.ft (2024)
• Ambattur Kuppam: Rs 3,600 per sq.ft (2024)
• Amman Koil Street: Rs 1,800 per sq.ft (2024)
• Alagesan Nagar: Rs 3,600 per sq.ft (2024)
• Agathiar Street(Ramapuram): Rs 3,600 per sq.ft (2024)
• Anna Cross Street (Venkatapuram): Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambedkar Nagar?

The Sub Registrar Office that covers Ambedkar Nagar is located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ambattur. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Buyers should consider the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Ambedkar Nagar?

The current guideline value of Ambedkar Nagar is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2012 to Rs 1,139 per sq.ft in 2017, then to Rs 1,700 per sq.ft in 2023, and finally to Rs 1,800 per sq.ft in 2024.

What is the land classification for Ambedkar Nagar?

Ambedkar Nagar is classified as Residential Class IV Type - III.

What are the stamp duty rates in Ambedkar Nagar?

The stamp duty rate in Ambedkar Nagar is 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ambedkar Nagar located?

The Sub Registrar Office for Ambedkar Nagar is located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.