Guideline Value for Ambedkar Street(S.No.69)

Ambedkar Street(S.No.69) guideline value

The current guideline value of Ambedkar Street(S.No.69) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Class III Type - II.

How the guideline value of Ambedkar Street(S.No.69) has changed

The guideline value for Ambedkar Street(S.No.69) has seen several revisions over the years. In the 2012 revision, the value was Rs 1,200 per sq.ft, which decreased to Rs 804 per sq.ft in 2017. Following this, the value rose significantly to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft as of the 2024 revision, marking an increase of 8% from the previous year.

From 2012 to 2017, there was a decrease of 33%, while the increase from 2017 to 2023 was 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which means that the guideline value of Ambedkar Street(S.No.69) is below this median.

• Ambethkar Street (S.V.Nagar): Rs 1,600 per sq.ft (2024)
• Ambethkar Street (Vijayalakhmipuram): Rs 2,400 per sq.ft (2024)
• Ameen Nagar: Rs 1,600 per sq.ft (2024)
• Amman Nagar: Rs 1,400 per sq.ft (2024)
• Amman Street: Rs 1,400 per sq.ft (2024)
• Amuthan Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street(S.No.69)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total cost for stamp duty and registration fees Rs 1,17,000. 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 Street(S.No.69)?

The Sub Registrar Office that covers Ambedkar Street(S.No.69) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Oragadam, as it determines the minimum value at which the property can be registered. It is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the buyer and seller must consider the guideline value to ensure compliance with registration requirements. This helps in maintaining transparency and fairness in property transactions, as the guideline value reflects the official valuation of the property.

Frequently asked questions

What is the current guideline value of Ambedkar Street(S.No.69)?

The current guideline value of Ambedkar Street(S.No.69) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and currently stands at Rs 1,300 per sq.ft as of 2024.

What is the land classification of Ambedkar Street(S.No.69)?

Ambedkar Street(S.No.69) is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for properties in Ambedkar Street(S.No.69)?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Ambedkar Street(S.No.69)?

The Ambattur Sub Registrar Office covers Ambedkar Street(S.No.69), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.