Guideline Value for Ambethkar 1Ist Street (colony)

Ambethkar 1Ist Street (colony) guideline value

The current guideline value of Ambethkar 1Ist Street (colony) is Rs 200 per sq.ft, effective from 1 July 2024. This street is located in Vattampakkam village under the Sunguvarchattram SRO, classified as Residential Class II Type - I.

How the guideline value of Ambethkar 1Ist Street (colony) has changed

Looking at the historical revisions, the guideline value for Ambethkar 1Ist Street (colony) has seen several changes over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 200 per sq.ft. The most significant change occurred between the 2017 revision, where the value was Rs 134 per sq.ft, and the 2023 revision, marking a 49% increase. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%, and overall from 2012 to 2024, the guideline value remains unchanged at Rs 200 per sq.ft. The consistency in the guideline value from 2023 to 2024 reflects stability in this particular street's valuation.

Guideline values in Vattampakkam

In Vattampakkam, there are 33 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 1,790 per sq.ft, with a median value of Rs 250 per sq.ft. Ambethkar 1Ist Street (colony) is below this median value.

• Ambethkar 1st Street (colony): Rs 200 per sq.ft (2024)
• Alwar ThiruNagr: Rs 500 per sq.ft (2024)
• ABI Century Square I & II: Rs 426 per sq.ft (2024)
• Bajanai Kovil Street (colony): Rs 200 per sq.ft (2024)
• Ellaiamman Kovil Street: Rs 200 per sq.ft (2024)
• Gangaiamman Kovil Street (colony): Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar 1Ist Street (colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambethkar 1Ist Street (colony)?

The Sub Registrar Office that covers Ambethkar 1Ist Street (colony) is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process when buying or selling property in Vattampakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with local regulations.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential for the legal transfer of ownership. Buyers and sellers should be aware of these values to ensure compliance and avoid any potential issues during the registration process.

Frequently asked questions

What is the current guideline value of Ambethkar 1Ist Street (colony)?

The current guideline value of Ambethkar 1Ist Street (colony) is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ambethkar 1Ist Street (colony) has remained at Rs 200 per sq.ft since 2012, with a notable increase of 49% from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the median guideline value in Vattampakkam?

The median guideline value in Vattampakkam is Rs 250 per sq.ft, with Ambethkar 1Ist Street (colony) being below this median at Rs 200 per sq.ft.

What are the stamp duty and registration fees for property in Ambethkar 1Ist Street (colony)?

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Which office handles registrations for Ambethkar 1Ist Street (colony)?

The Sunguvarchattram Sub Registrar Office handles registrations for Ambethkar 1Ist Street (colony), located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu.