Guideline Value for Ambedkar Salai (ward 6)

Ambedkar Salai (ward 6) guideline value

The current guideline value of Ambedkar Salai (ward 6) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Erandankattalai village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Ambedkar Salai (ward 6) has changed

The guideline value for Ambedkar Salai (ward 6) has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 670 per sq.ft. This increased to Rs 1,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Erandankattalai

In Erandankattalai village, there are 60 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 770 to Rs 4,270 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is equal to the guideline value of Ambedkar Salai (ward 6).

• Ambedkar Salai (ward 5): Rs 1,100 per sq.ft (2024)
• Ambedkar Salai (ward 4): Rs 1,100 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,100 per sq.ft (2024)
• Chandrasekarapuram: Rs 1,100 per sq.ft (2024)
• Dr. Ambedkar Street/Bharathi Nagar: Rs 1,100 per sq.ft (2024)
• Dream Castle: Rs 3,695 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Salai (ward 6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedkar Salai (ward 6)?

The Sub Registrar Office that covers Ambedkar Salai (ward 6) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Erandankattalai. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value is used to calculate the applicable duties and fees. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Ambedkar Salai (ward 6)?

The current guideline value of Ambedkar Salai (ward 6) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, reflecting a 64% increase over this period.

What is the stamp duty rate for properties in Ambedkar Salai (ward 6)?

The stamp duty rate for properties in Ambedkar Salai (ward 6) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ambedkar Salai (ward 6)?

The Sub Registrar Office for Ambedkar Salai (ward 6) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What other streets have the same guideline value in Erandankattalai?

Other streets in Erandankattalai, such as Ambedkar Salai (ward 5) and Bajanai Koil Street, also have a guideline value of Rs 1,100 per sq.ft in 2024.