Guideline Value for Ambethkar Kalani

Ambethkar Kalani guideline value

The current guideline value of Ambethkar Kalani is Rs 880 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint IV SRO and is classified as Residential Class III Type - I.

How the guideline value of Ambethkar Kalani has changed

The guideline value for Ambethkar Kalani has seen several revisions over the years. In 2012, the value was set at Rs 800 per sq.ft. This figure remained unchanged until the 2017 revision, where it dropped to Rs 536 per sq.ft, marking a decrease of 33%. The value then increased significantly to Rs 800 per sq.ft in 2023, followed by a further increase to Rs 880 per sq.ft in the 2024 revision, which is a rise of 10% from the previous year. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a net increase of 10% despite the fluctuations in between. The current figure of Rs 880 per sq.ft is below the median guideline value of Rs 1,650 per sq.ft for the 101 streets in 2nd Division under the Kanchipuram Joint IV SRO.

Guideline values in 2nd Division

In the 2nd Division, the guideline values range from Rs 800 to Rs 11,000 per sq.ft in 2024. Ambethkar Kalani's guideline value of Rs 880 per sq.ft is below the median value. Here are some other streets in 2nd Division:

• Aladi Pillaiyar Koil Thoppu Street: Rs 880 per sq.ft (2024)
• Aladi Pillaiyar Koil Street part (include Desigar Koil Street): Rs 4,400 per sq.ft (2024)
• Aladipillaiyar Koil Street: Rs 4,400 per sq.ft (2024)
• Adisonpet Gandhi Road: Rs 11,000 per sq.ft (2024)
• Adisonpet Cheety Street: Rs 3,300 per sq.ft (2024)
• Aanandapet Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Kalani

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambethkar Kalani?

The Sub Registrar Office that covers Ambethkar Kalani is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a crucial factor in the registration process of property transactions. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is registered, the higher value between the guideline value and the actual sale price is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ambethkar Kalani?

The current guideline value of Ambethkar Kalani is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then back to Rs 800 per sq.ft in 2023, and finally to Rs 880 per sq.ft in 2024.

What is the classification of land in Ambethkar Kalani?

Ambethkar Kalani is classified as Residential Class III Type - I.

Where can I find the Kanchipuram Joint IV SRO?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Ambethkar Kalani?

Stamp duty is calculated based on the higher value between the guideline value and the actual sale price. For example, for a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 at 7%.