Guideline Value for Ambedkar Road 2nd Street

Ambedkar Road 2nd Street guideline value

The current guideline value of Ambedkar Road 2nd Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, classified as Residential Class III Type - II.

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

The guideline value for Ambedkar Road 2nd Street has seen significant changes over the years. In the 2007 revision, the value was Rs 200 per sq.ft, which increased dramatically to Rs 1,400 per sq.ft in the 2012 revision, marking a 600% increase. The most recent revision in 2024 set the value at Rs 1,500 per sq.ft, reflecting a 7% increase from the 2012 figure.

There are no figures available for the revisions in 2002, 2003, 2017, and 2023 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 650%.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median value is Rs 2,400 per sq.ft, indicating that the guideline value of Ambedkar Road 2nd Street is below this median.

• Ambedkar Nagar: Rs 1,500 per sq.ft (2024)
• Ambedkar Street (Senthil Nagar): Rs 2,700 per sq.ft (2024)
• Ambattu Oragadam Co-operative Building Society Colony (S.No.880/1, 2, 3): Rs 1,900 per sq.ft (2024)
• Ambattu Oragadam Co-operative Building Society Colony (Balaji Nagar): Rs 3,801 per sq.ft (2024)
• Amman Avenue: Rs 1,500 per sq.ft (2024)
• Amman Nagar: Rs 1,500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedkar Road 2nd Street?

The Ambattur Sub Registrar Office covers Ambedkar Road 2nd Street. The office is located at 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 Thirumullaivoyal

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the sale price or the guideline value, whichever is higher, is used to calculate the applicable fees. This ensures that the registration process is standardized and transparent for all transactions.

Frequently asked questions

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

The current guideline value of Ambedkar Road 2nd Street 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 increased from Rs 200 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2012, and then to Rs 1,500 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2017, and 2023 for this street.

What is the land classification for Ambedkar Road 2nd Street?

Ambedkar Road 2nd Street is classified as Residential Class III Type - II.

Where can I find the registration office for this street?

The registration office for Ambedkar Road 2nd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Thirumullaivoyal?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 at 7%.