Guideline Value for Amberdkar Colony(Slum)

Amberdkar Colony(Slum) guideline value

The current guideline value for Amberdkar Colony(Slum) is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Nungambakkam village and falls under the Chennai Central Joint II SRO. The land classification for this street is Residential Class V Type - III.

How the guideline value of Amberdkar Colony(Slum) has changed

Over the years, the guideline value for Amberdkar Colony(Slum) has seen several revisions. The 2007 revision set the value at Rs 900 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then rose to Rs 3,000 per sq.ft in 2023, and finally, the current value is Rs 3,300 per sq.ft from the 2024 revision. The revisions for the years 2002 and 2003 have no figures listed for this street.

From 2007 to 2024, the overall increase in guideline value is 267%. The change from 2012 to 2017 was a decrease of 33%, while the increase from 2017 to 2023 was 49%. The most recent change from 2023 to 2024 reflects a 10% increase.

Guideline values in Nungambakkam

In Nungambakkam, there are 270 streets under the Chennai Central Joint II SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 22,000 per sq.ft, with a median value of Rs 8,800 per sq.ft. Amberdkar Colony(Slum) is below this median value.

• Anderson Road: Rs 13,200 per sq.ft (2024)
• Annasalai: Rs 20,900 per sq.ft (2024)
• Appu Naicken St: Rs 6,600 per sq.ft (2024)
• Arundathi Nagar: Rs 3,300 per sq.ft (2024)
• Avenue Road: Rs 11,500 per sq.ft (2024)
• Ayya Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Amberdkar Colony(Slum)

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, totaling Rs 2,97,000. 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 Amberdkar Colony(Slum)?

The Sub Registrar Office that covers Amberdkar Colony(Slum) is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more details.

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

The guideline value is a crucial factor during property transactions in Nungambakkam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value reflects the minimum price at which a property can be registered.

When a buyer and seller agree on a sale price, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Amberdkar Colony(Slum)?

The current guideline value of Amberdkar Colony(Slum) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 267% over the years.

What are the stamp duty rates for properties in Amberdkar Colony(Slum)?

The stamp duty for properties in Amberdkar Colony(Slum) is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Amberdkar Colony(Slum)?

The Sub Registrar Office for Amberdkar Colony(Slum) is located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is the guideline value determined in Nungambakkam?

The guideline value in Nungambakkam is determined by the Registration Department and varies across different streets. It reflects the minimum price at which properties can be registered in the area.