Guideline Value for Ambedkar Street / Nagar

Ambedkar Street / Nagar guideline value

The current guideline value of Ambedkar Street / Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village, under the jurisdiction of the Sembiam SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Ambedkar Street / Nagar has changed

The guideline value for Ambedkar Street / Nagar has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 1,600 per sq.ft. This was followed by a decrease to Rs 1,072 per sq.ft in the 2017 revision. The 2023 revision saw an increase to Rs 1,600 per sq.ft, and the most recent revision in 2024 has set the value at Rs 1,700 per sq.ft.

From the 2012 revision to the 2017 revision, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 reflects a growth of 6%. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Ambedkar Street / Nagar is below this median.

• Amman Koil Street: Rs 1,700 per sq.ft (2024)
• Anbazhagan Nagar 1st Cross Street: Rs 1,900 per sq.ft (2024)
• Anbazhagan Nagar 1st Main Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Anbazhagan Nagar 2nd Cross Street: Rs 1,900 per sq.ft (2024)
• Anbazhagan Nagar 2nd Main Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street / Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making a total of Rs 1,53,000. 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 / Nagar?

The Sub Registrar Office that covers Ambedkar Street / Nagar is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Ambedkar Street / Nagar?

The current guideline value of Ambedkar Street / Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,600 per sq.ft in 2023 to Rs 1,700 per sq.ft in 2024. It was Rs 1,072 per sq.ft in 2017, showing significant changes over the years.

What is the land classification for Ambedkar Street / Nagar?

The land classification for Ambedkar Street / Nagar is Residential Class II Type - II, indicating its suitability for residential purposes.

What is the registration office for Ambedkar Street / Nagar?

The registration office that covers Ambedkar Street / Nagar is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Ambedkar Street / Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty of Rs 1,19,000.