Guideline Value for Ambedkat Street

Ambedkat Street guideline value

The current guideline value of Ambedkat Street in Naduvakkarai village is Rs 3,300 per sq.ft, effective from the 2024 revision. This street falls under the AnnaNagar SRO and is classified as Residential Class II Type - I.

How the guideline value of Ambedkat Street has changed

The guideline value for Ambedkat Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,300 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 131%. However, the value dropped to Rs 2,010 per sq.ft in 2017, a decrease of 33%. The most recent revisions show a substantial increase to Rs 3,000 per sq.ft in 2023, followed by a further increase to Rs 3,300 per sq.ft in 2024, representing a 10% rise.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 154%.

Guideline values in Naduvakkarai

Naduvakkarai village contains 148 streets under the AnnaNagar SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 15,900 per sq.ft. The median guideline value in this area is Rs 11,500 per sq.ft, placing Ambedkat Street's 2024 figure below this median.

• Ambedkar Streeet , New Colony: Rs 5,400 per sq.ft (2024)
• Ambedkar Nagar: Rs 3,300 per sq.ft (2024)
• AM- Block 14th Main Road: Rs 12,600 per sq.ft (2024)
• AL Block 4th Street – 30’: Rs 11,500 per sq.ft (2024)
• AL Block 3rd Street – 30’: Rs 11,500 per sq.ft (2024)
• AL Block 2nd Street – 30’: Rs 11,500 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkat Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 more information.

Which Sub Registrar Office covers Ambedkat Street?

The Sub Registrar Office that covers Ambedkat Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions within Naduvakkarai. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When registering a property, the guideline value serves as a benchmark for assessing the official value of the property. This ensures that the government receives the appropriate revenue through stamp duty and registration fees based on the property's value.

Frequently asked questions

What is the current guideline value of Ambedkat Street?

The current guideline value of Ambedkat Street is Rs 3,300 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, representing an overall increase of 154%.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office covers Ambedkat Street?

The AnnaNagar Sub Registrar Office covers Ambedkat Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value in Naduvakkarai?

The median guideline value in Naduvakkarai is Rs 11,500 per sq.ft, with Ambedkat Street's 2024 guideline value being below this median.