Guideline Value for Ambedkar street

Ambedkar street guideline value

The current guideline value of Ambedkar street in Udaiyavarkoil village is Rs 440 per sq.ft, effective from 1 July 2024. This street falls under the Poonamallee SRO and is classified as Residential Class III Type - I.

How the guideline value of Ambedkar street has changed

The guideline value for Ambedkar street has seen several revisions over the years. In 2003, the value was Rs 25 per sq.ft, which increased to Rs 75 per sq.ft in 2007. The 2012 revision brought the value to Rs 400 per sq.ft, but it then decreased to Rs 268 per sq.ft in 2017. The 2023 revision saw a significant increase to Rs 400 per sq.ft, followed by the current value of Rs 440 per sq.ft in 2024. The register has no figure for this street in 2002.

From 2023 to 2024, there was an increase of 10%. The value increased by 49% from 2017 to 2023. However, there was a decrease of 33% from 2012 to 2017. The 2007 to 2012 period experienced a substantial increase of 433%, and from 2003 to 2007, the value rose by 200%. Overall, from 2003 to 2024, the guideline value has increased by 1660%.

Guideline values in Udaiyavarkoil

In Udaiyavarkoil village, there are 35 streets under the Poonamallee SRO with a 2024 guideline value ranging from Rs 440 to Rs 3,400 per sq.ft. The median value of these streets is Rs 550 per sq.ft, placing Ambedkar street's 2024 figure below this median.

• Amman koil street: Rs 825 per sq.ft (2024)
• Annai Nagar: Rs 990 per sq.ft (2024)
• Arivoli nagar: Rs 550 per sq.ft (2024)
• A.R.K.விக்னேஷ்வரா நகர்: Rs 1,000 per sq.ft (2024)
• A.S.P.Avenue: Rs 1,000 per sq.ft (2024)
• Astalakshmi nagar: Rs 550 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 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, making the total cost for these fees Rs 39,600. Duty is charged on the guideline value or the sale price, whichever is higher. For further 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 Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value is an important reference point when registering property transactions in Udaiyavarkoil. It helps determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is in compliance with local regulations.

When buying or selling property, the guideline value serves as a baseline for the transaction value. It is essential to ensure that the sale price is either in line with or above the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Ambedkar street?

The current guideline value of Ambedkar street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ambedkar street has changed from Rs 25 per sq.ft in 2003 to Rs 440 per sq.ft in 2024, reflecting a significant overall increase of 1660% from 2003 to 2024.

What is the stamp duty rate for property in Ambedkar street?

The stamp duty rate for property transactions in Ambedkar street is 7% of the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office for Ambedkar street is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the classification of land for Ambedkar street?

Ambedkar street is classified as Residential Class III Type - I, indicating its designation for residential use within the local area.