Guideline Value for Ambedkar Street, S.No.72/1 Natham

Ambedkar Street, S.No.72/1 Natham guideline value

The current guideline value of Ambedkar Street, S.No.72/1 Natham is Rs 3,630 per sq.ft, effective from 1 July 2024. This street is located in Mudichur village and falls under the Padappai SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Ambedkar Street, S.No.72/1 Natham has changed

The guideline value for Ambedkar Street has seen several revisions over the years. In 2012, the value was set at Rs 3,300 per sq.ft. This figure remained unchanged until the 2017 revision, which reduced the value to Rs 2,211 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 3,300 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the guideline value to Rs 3,630 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Mudichur

Mudichur has a total of 135 streets under the Padappai SRO carrying a 2024 guideline value ranging from Rs 880 to Rs 4,000 per sq.ft, with a median value of Rs 2,200 per sq.ft. Ambedkar Street's 2024 guideline value of Rs 3,630 per sq.ft is above this median.

• Ambedhkar Nagar: Rs 1,210 per sq.ft (2024)
• A.L.S.Nagar: Rs 1,760 per sq.ft (2024)
• A.L.S. Greenland: Rs 1,210 per sq.ft (2024)
• Amudham Nagar: Rs 2,200 per sq.ft (2024)
• Alamelu Nagar: Rs 1,210 per sq.ft (2024)
• A.N.Colony: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street, S.No.72/1 Natham

For a 1,000 sq.ft plot at the current guideline value of Rs 3,630 per sq.ft, the total guideline value would be Rs 36,30,000. The stamp duty at 7% would amount to Rs 2,54,100, and the registration fee at 2% would be Rs 72,600, bringing the total cost together to Rs 3,26,700. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ambedkar Street, S.No.72/1 Natham?

The Sub Registrar Office that covers Ambedkar Street, S.No.72/1 Natham is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor during the registration process when buying or selling property in Mudichur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value helps in assessing the official value of the property, which is used to calculate the applicable taxes. Buyers and sellers should be aware of the guideline value to ensure they are prepared for the financial obligations associated with property transactions.

Frequently asked questions

What is the current guideline value of Ambedkar Street, S.No.72/1 Natham?

The current guideline value of Ambedkar Street, S.No.72/1 Natham is Rs 3,630 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then increased to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,630 per sq.ft in 2024.

What is the land classification for Ambedkar Street?

Ambedkar Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property in this area?

The stamp duty is charged at 7% of the guideline value or sale price, while the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 3,26,700.

Where can I find the Sub Registrar Office for Ambedkar Street?

The Sub Registrar Office for Ambedkar Street, S.No.72/1 Natham is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.