Guideline Value for Ambethkar Kurukku Street-II

Ambethkar Kurukku Street-II guideline value

The current guideline value of Ambethkar Kurukku Street-II 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-II has changed

The guideline value for Ambethkar Kurukku Street-II has seen several revisions over the years. In 2012, the guideline value was Rs 180 per sq.ft, which decreased to Rs 121 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased by 50%, bringing it back to Rs 181 per sq.ft. The 2023 revision maintained this value, with no change to Rs 181 per sq.ft in 2024.

The register has no figures for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Mettupalayam

Mettupalayam village has 45 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 181 to Rs 900 per sq.ft. The median guideline value is Rs 181 per sq.ft, which is equal to the current value for Ambethkar Kurukku Street-II.

• Ambethkar Kurukku Street-I: Rs 181 per sq.ft (2024)
• Ambethkar Kurukku Street-III: Rs 181 per sq.ft (2024)
• Ambethkar Main Road: 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-II

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, totaling Rs 16,290. It is important to note that the 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 information.

Which Sub Registrar Office covers Ambethkar Kurukku Street-II?

The Sub Registrar Office that covers Ambethkar Kurukku Street-II is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process of property transactions in Mettupalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value as it directly affects the financial obligations of both the buyer and the seller. Understanding the guideline value helps in making informed decisions during property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then increased to Rs 181 per sq.ft in 2023 and remained the same in 2024.

What is the land classification for Ambethkar Kurukku Street-II?

Ambethkar Kurukku Street-II is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Ambethkar Kurukku Street-II?

The Sub Registrar Office for Ambethkar Kurukku Street-II is located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for property in Ambethkar Kurukku Street-II?

The stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 1,81,000, the stamp duty would amount to Rs 12,670.