Guideline Value for Ambedkar Street

Ambedkar Street guideline value

The current guideline value of Ambedkar Street is Rs 1,200 per sq.ft, as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ambedkar Street has changed

The guideline value for Ambedkar Street has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 550 per sq.ft. This figure increased significantly to Rs 1,200 per sq.ft in the 2012 revision, marking a substantial rise of 118%. However, in the 2017 revision, the value dropped to Rs 804 per sq.ft, reflecting a decrease of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,200 per sq.ft, which represents an increase of 49% from the 2017 figure.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 118%. There are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Vandalur

While there are no specific village figures provided for Vandalur, Ambedkar Street's guideline value is currently Rs 1,200 per sq.ft. There are no other streets in Vandalur listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Ambedkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty, charged at 7%, would amount to Rs 84,000, and the registration fee, charged at 2%, would be Rs 24,000. Together, the total cost for stamp duty and registration would be Rs 1,08,000. 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 further calculations.

Which Sub Registrar Office covers Ambedkar Street?

The Sub Registrar Office that covers Ambedkar Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in Vandalur. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property. The guideline value is taken into account to ensure that the appropriate taxes are collected based on the property's value.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the total costs involved in the transaction. This ensures transparency and compliance with local regulations, as the duty is charged on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Ambedkar Street?

The current guideline value of Ambedkar Street is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,200 per sq.ft in 2012, then decreased to Rs 804 per sq.ft in 2017, and returned to Rs 1,200 per sq.ft in 2023.

What is the land classification for Ambedkar Street?

Ambedkar Street is classified as Residential Class I Type - I according to the land classification records.

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

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.