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_B village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Ambedkhar Cross Street has changed

The guideline value for Ambedkhar Cross Street has seen several revisions over the years. In the 2017 revision, the value was Rs 167 per sq.ft, which increased to Rs 250 per sq.ft in the 2023 revision, marking a 50% rise. The 2024 revision maintains this rate at Rs 250 per sq.ft, indicating no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 250 to Rs 1,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Ambedkhar Cross Street's 2024 figure below that 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 1,000 sq.ft plot 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 be Rs 5,000, bringing the total cost for these fees to Rs 22,500. Duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more information.

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_B

The guideline value is a critical factor when buying or selling property in Irunkattukottai_B. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair price as per government standards.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, ensuring that the government receives its due revenue from property transactions.

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 2023 to 2024, with a 50% increase from Rs 167 per sq.ft in 2017 to 2023. Overall, there has been a 50% increase from 2017 to 2024.

What other streets have guideline values in Irunkattukottai_B?

In Irunkattukottai_B, other streets have varying guideline values, with some streets like Anna Nagar at Rs 800 per sq.ft and Ashok Nagar at Rs 250 per sq.ft. The median value for these streets is Rs 400 per sq.ft.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot, the total fees would be Rs 22,500.

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.