Guideline Value for Ambedkar Street (Kanadapalayam)

Ambedkar Street (Kanadapalayam) guideline value

The current guideline value of Ambedkar Street (Kanadapalayam) is Rs 807 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Ambedkar Street (Kanadapalayam) has changed

The guideline value for Ambedkar Street (Kanadapalayam) has seen several revisions over the years. In the 2012 revision, the value was set at Rs 500 per sq.ft. This increased to Rs 335 per sq.ft in 2017, which was a decrease of 33%. However, from 2017 to 2023, the value rose significantly to Rs 807 per sq.ft, marking an increase of 141%. The most recent revision in 2024 maintained the value at Rs 807 per sq.ft, showing no change from 2023.

It is important to note that the register has no figures for Ambedkar Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 61%.

Guideline values in Kovilpathagai

In Kovilpathagai, there are 278 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 803 to Rs 2,900 per sq.ft. The median value for these streets is Rs 870 per sq.ft, which means that Ambedkar Street's 2024 guideline value is below this median.

• Amman Koil Street: Rs 880 per sq.ft (2024)
• Anantham Nagar: Rs 807 per sq.ft (2024)
• Anna Street (Natham): Rs 806 per sq.ft (2024)
• Anthony Street: Rs 880 per sq.ft (2024)
• Ashok Nagar: Rs 880 per sq.ft (2024)
• Ashok Nagar Extn: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street (Kanadapalayam)

For a 1,000 sq.ft plot at the current guideline value of Rs 807 per sq.ft, the total guideline value amounts to Rs 8,07,000. The stamp duty at 7% would be Rs 56,490, and the registration fee at 2% would be Rs 16,140, bringing the total charges to Rs 72,630. It is essential to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambedkar Street (Kanadapalayam)?

The Ambattur Sub Registrar Office covers Ambedkar Street (Kanadapalayam). 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 Kovilpathagai

The guideline value is a crucial factor in the registration process for property transactions in Kovilpathagai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall costs involved. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Ambedkar Street (Kanadapalayam)?

The current guideline value of Ambedkar Street (Kanadapalayam) is Rs 807 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 807 per sq.ft in 2024. Notably, there was a decrease to Rs 335 per sq.ft in 2017, followed by a significant increase to Rs 807 per sq.ft by 2023.

What is the median guideline value in Kovilpathagai?

The median guideline value for streets in Kovilpathagai is Rs 870 per sq.ft. Ambedkar Street's current guideline value is below this median.

What are the stamp duty and registration fees for property in Ambedkar Street?

For a 1,000 sq.ft plot at the current guideline value, the total charges would be Rs 72,630, which includes stamp duty and registration fees based on the guideline value.

Where is the Sub Registrar Office for Ambedkar Street located?

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