Guideline Value for Ambedkar Street (Thiru Nagar)

Ambedkar Street (Thiru Nagar) guideline value

The current guideline value of Ambedkar Street (Thiru Nagar) is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ambedkar Street (Thiru Nagar) has changed

The guideline value for Ambedkar Street (Thiru Nagar) has undergone several revisions over the years. In 2002, the guideline value was Rs 188 per sq.ft. This increased to Rs 213 per sq.ft in 2003, marking a 13% rise. The value then saw a significant jump to Rs 360 per sq.ft in 2007, which was a 69% increase. By 2017, the guideline value reached Rs 1,206 per sq.ft, reflecting a substantial 235% increase from the previous revision. However, there is no figure available for the year 2012 in the register.

In the subsequent revisions, the guideline value continued to rise, reaching Rs 1,800 per sq.ft in 2023, an increase of 49% from 2017. The most recent revision in 2024 has set the guideline value at Rs 1,980 per sq.ft, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 953%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing the 2024 figure for Ambedkar Street (Thiru Nagar) below this median.

• Ambedkar Street /Ponni Nagar: Rs 1,980 per sq.ft (2024)
• Ambedkar Street, Pammal: Rs 1,980 per sq.ft (2024)
• Ambedkar Nagar( All Streets): Rs 1,980 per sq.ft (2024)
• Ambedhkar Street, Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Ambedhkar Street, Nagelkeni: Rs 1,980 per sq.ft (2024)
• Alandur Abraham Street (Muvendar Nagar): Rs 1,980 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ambedkar Street (Thiru Nagar)?

The Sub Registrar Office that covers Ambedkar Street (Thiru Nagar) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Pammal. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When a property is registered, the higher value between the guideline value and the sale price is used to determine the applicable duties and fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Ambedkar Street (Thiru Nagar) is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 188 per sq.ft in 2002 to Rs 1,980 per sq.ft in 2024, marking an overall increase of 953% over the years.

What is the median guideline value in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft as of 2024, which means the guideline value for Ambedkar Street (Thiru Nagar) is below this median.

What are the stamp duty and registration fees for properties in Ambedkar Street (Thiru Nagar)?

For a 1,000 sq.ft plot, the total guideline value is Rs 19,80,000. The stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles the registration of properties in Ambedkar Street (Thiru Nagar)?

The Pammal Sub Registrar Office handles the registration of properties in Ambedkar Street (Thiru Nagar), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.