Guideline Value for Ambedkhar Cross Street

Ambedkhar Cross Street guideline value

The current guideline value of Ambedkhar Cross Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Irunkattukottai village under the Sriperumpudur SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Ambedkhar Cross Street has changed

The guideline value for Ambedkhar Cross Street has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 250 per sq.ft. This remained unchanged in the 2017 revision, where it was Rs 167 per sq.ft, reflecting a decrease of 33%. However, from 2017 to 2023, there was an increase of 50%, bringing the value back to Rs 250 per sq.ft. The 2023 revision maintained this value, resulting in no change when compared to the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Therefore, the only available revisions are from 2012, 2017, 2023, and the current 2024 figure, which is Rs 250 per sq.ft.

Guideline values in Irunkattukottai

In Irunkattukottai village, there are 56 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 250 to Rs 1,250 per sq.ft. The median guideline value for these streets is Rs 400 per sq.ft, indicating that Ambedkhar Cross Street's 2024 figure is below this median.

• Anna Cross Street: Rs 600 per sq.ft (2024)
• Anna Nagar: Rs 800 per sq.ft (2024)
• Anna Street: Rs 600 per sq.ft (2024)
• Ashok Nagar: Rs 250 per sq.ft (2024)
• Bakthavathsalam Street: Rs 400 per sq.ft (2024)
• Bharathiyar Street: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Ambedkhar Cross Street

For a property measuring 1,000 sq.ft at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would total Rs 5,000, making the total cost for these charges Rs 22,500. It is important to note that 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 Ambedkhar Cross Street?

The Sub Registrar Office that covers Ambedkhar Cross Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Irunkattukottai. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transactions.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable charges. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ambedkhar Cross Street?

The current guideline value of Ambedkhar Cross Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a notable increase of 50% from 2017 to 2023. The 2017 revision saw a decrease to Rs 167 per sq.ft, which was then adjusted back to Rs 250 per sq.ft in the subsequent revisions.

What are the guideline values of other streets in Irunkattukottai?

Other streets in Irunkattukottai have varying guideline values, ranging from Rs 250 to Rs 1,250 per sq.ft. The median value for these streets is Rs 400 per sq.ft, which is higher than that of Ambedkhar Cross Street.

Where can I find the Sub Registrar Office for Ambedkhar Cross Street?

The Sub Registrar Office for Ambedkhar Cross Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,50,000, the stamp duty would be Rs 17,500 and the registration fee would be Rs 5,000.