Guideline Value for Ambethkar Kurukku Street-III

Ambethkar Kurukku Street-III guideline value

The current guideline value of Ambethkar Kurukku Street-III is Rs 181 per sq.ft, effective from 1 July 2024. This street is located in Mettupalayam village under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Ambethkar Kurukku Street-III has changed

Looking at the revisions, the guideline value for Ambethkar Kurukku Street-III was Rs 180 per sq.ft in 2012, which decreased to Rs 121 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft, a figure that remained unchanged in the 2024 revision.

The register has no figure for this street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 1%.

Guideline values in Mettupalayam

In Mettupalayam, there are 45 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 181 to Rs 900 per sq.ft. The median value is Rs 181 per sq.ft, which is the same as the current guideline value for Ambethkar Kurukku Street-III.

• Ambethkar Kurukku Street-II: Rs 181 per sq.ft (2024)
• Ambethkar Main Road: Rs 181 per sq.ft (2024)
• Ambethkar Kurukku Street-I: Rs 181 per sq.ft (2024)
• Ambethkar Street: Rs 181 per sq.ft (2024)
• Ambal Nagar: Rs 181 per sq.ft (2024)
• Ananda Habitat: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Kurukku Street-III

For a 1,000 sq.ft plot at the current guideline value of Rs 181 per sq.ft, the total guideline value amounts to Rs 1,81,000. The stamp duty at 7% would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, leading to a total cost of Rs 16,290. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Ambethkar Kurukku Street-III?

The Sub Registrar Office covering Ambethkar Kurukku Street-III is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process for buying or selling property in Mettupalayam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives appropriate revenue from property transactions.

When you register a property, the guideline value serves as a benchmark. If the sale price of the property is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Ambethkar Kurukku Street-III?

The current guideline value of Ambethkar Kurukku Street-III is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 maintaining the value at Rs 181 per sq.ft, unchanged from 2023. The value was Rs 121 per sq.ft in 2017, showing a significant increase of 50% by 2023.

What is the median guideline value in Mettupalayam?

The median guideline value in Mettupalayam is Rs 181 per sq.ft, which is the same as the current guideline value for Ambethkar Kurukku Street-III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 1,81,000, the stamp duty would be Rs 12,670 and the registration fee would be Rs 3,620, totaling Rs 16,290. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Ambethkar Kurukku Street-III?

The Sunguvarchattram Sub Registrar Office handles registrations for Ambethkar Kurukku Street-III, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.