Guideline Value for Ambedkar Street

Ambedkar Street guideline value

The current guideline value of Ambedkar Street in Rajakilpakkam village, under the Selaiyur SRO, is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class I Type - II.

How the guideline value of Ambedkar Street has changed

The guideline value for Ambedkar Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then revised to Rs 1,206 per sq.ft in 2017, marking a decrease of 33%. However, the subsequent 2023 revision brought the value back up to Rs 1,800 per sq.ft, showing a significant increase of 49% from the 2017 figure. The latest revision in 2024 has further increased the guideline value to Rs 1,900 per sq.ft, reflecting a change of 6% from the previous year.

It is important to note that the register has no figure for Ambedkar Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Rajakilpakkam

In Rajakilpakkam, there are 384 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 2,150 per sq.ft, making the 2024 figure for Ambedkar Street below that median.

• Ambedkar Cross Street: Rs 1,900 per sq.ft (2024)
• Alavattamman Koil Street: Rs 1,900 per sq.ft (2024)
• Anjaneyar Koil Sannathy Street North: Rs 1,300 per sq.ft (2024)
• Agananooru Street: Rs 1,600 per sq.ft (2024)
• Anjaneyar Koil Sannathy Street South: Rs 1,300 per sq.ft (2024)
• Anna 1st Street: Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ambedkar Street?

The Sub Registrar Office that covers Ambedkar Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO online.

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

The guideline value plays a crucial role in property transactions in Rajakilpakkam. It is used to determine the minimum value at which a property can be registered. When a buyer purchases a property, the guideline value is considered to ensure that the property is not undervalued during the registration process.

Additionally, the guideline value affects the stamp duty and registration fees that are applicable during the transaction. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Ambedkar Street?

The current guideline value of Ambedkar Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Ambedkar Street?

Ambedkar Street is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for properties on Ambedkar Street?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles registrations for Ambedkar Street?

The Selaiyur Sub Registrar Office handles registrations for Ambedkar Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.