Guideline Value for Ambekar Street

Ambekar Street guideline value

The current guideline value of Ambekar Street is Rs 1,500 per sq.ft. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Ambekar Street has changed

The guideline value for Ambekar Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which remained unchanged in the subsequent 2023 revision. As of the 2024 revision, the guideline value stands at Rs 1,500 per sq.ft, reflecting a 49% increase from the 2017 figure.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Ambekar Street. Therefore, the only revisions that have impacted the current guideline value are from 2017, 2023, and the recent 2024 revision, which shows no change from the previous year.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value is Rs 1,500 per sq.ft, which is the same as the guideline value for Ambekar Street.

• Anandhanarayanapuram: Rs 2,000 per sq.ft (2024)
• Achudhadoss Street: Rs 1,200 per sq.ft (2024)
• Annamalai Nagar: Rs 1,200 per sq.ft (2024)
• Abdulla theru: Rs 2,001 per sq.ft (2024)
• Aavaas Nagar: Rs 1,500 per sq.ft (2024)
• Arul Nagar: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Ambekar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty, charged at 7%, would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ambekar Street?

The Sub Registrar Office that covers Ambekar Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Gooduvancheri. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value serves as a reference point for both parties involved in the transaction. It helps to establish a fair basis for the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ambekar Street?

The current guideline value of Ambekar Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2024, marking a 49% increase. There were no changes in the guideline value between 2023 and 2024.

What are the other streets in Gooduvancheri with their guideline values?

Other streets in Gooduvancheri include Anandhanarayanapuram at Rs 2,000 per sq.ft, Achudhadoss Street and Annamalai Nagar at Rs 1,200 per sq.ft, Abdulla theru and Arul Nagar at Rs 2,001 per sq.ft, and Aavaas Nagar at Rs 1,500 per sq.ft.

What is the stamp duty rate for properties in Ambekar Street?

The stamp duty rate for properties in Ambekar Street is 7% of the guideline value or sale price, whichever is higher. Additionally, there is a registration fee of 2%.

Where can I find the Sub Registrar Office for Ambekar Street?

The Sub Registrar Office for Ambekar Street is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find more details by visiting the appropriate link.