Guideline Value for Ambedkar Nagar

Ambedkar Nagar guideline value

The current guideline value of Ambedkar Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This locality is situated in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Ambedkar Nagar has changed

The guideline value for Ambedkar Nagar has undergone several revisions over the years. In 2002, the value was set at Rs 84 per sq.ft, which increased significantly to Rs 601 per sq.ft in 2007. The 2012 revision maintained the value at Rs 1,500 per sq.ft, followed by a decrease to Rs 1,005 per sq.ft in 2017. The value remained unchanged at Rs 1,500 per sq.ft in both the 2023 and 2024 revisions.

Notably, the changes between revisions show a substantial increase of 615% from 2002 to 2007, followed by a 150% increase from 2007 to 2012. However, there was a decrease of 33% from 2012 to 2017. From 2017 to 2023, the value increased by 49%, but there was no change from 2023 to 2024.

Guideline values in Nandhivaram

Nandhivaram village has 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value is Rs 1,500 per sq.ft, which is equal to the current value of Ambedkar Nagar.

• Ambal Nagar: Rs 1,500 per sq.ft (2024)
• A.L.S. Avenue Extn: Rs 1,000 per sq.ft (2024)
• A.L.S. Avenue: Rs 1,000 per sq.ft (2024)
• Amman Nagar: Rs 1,500 per sq.ft (2024)
• Ammayi Nagar: Rs 1,500 per sq.ft (2024)
• Amsa Nagar: Rs 1,500 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 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to property transactions.

Which Sub Registrar Office covers Ambedkar Nagar?

The Sub Registrar Office that covers Ambedkar Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

For more details, you can find your SRO.

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

The guideline value is a crucial factor in property transactions in Nandhivaram, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

During the registration process, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ambedkar Nagar?

The current guideline value of Ambedkar Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, with the most recent revisions showing no change from 2023 to 2024, while it increased by 49% from 2017 to 2023.

What are the other streets in Nandhivaram with their guideline values?

Other streets in Nandhivaram include Ambal Nagar, A.L.S. Avenue Extn, A.L.S. Avenue, Amman Nagar, Ammayi Nagar, and Amsa Nagar, with values ranging from Rs 1,000 to Rs 1,500 per sq.ft in 2024.

How is stamp duty calculated in Ambedkar Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where can I find the Sub Registrar Office for Ambedkar Nagar?

The Gooduvancheri Sub Registrar Office covers Ambedkar Nagar, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.