Guideline Value for Ambethkar Kurukku Street-I

Ambethkar Kurukku Street-I guideline value

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

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

The guideline value for Ambethkar Kurukku Street-I has undergone several revisions over the years. In 2012, the value was set at Rs 180 per sq.ft, which saw a decrease to Rs 121 per sq.ft in 2017. Following this, the value increased by 50% to Rs 181 per sq.ft in 2023, and it remained unchanged at Rs 181 per sq.ft in the 2024 revision. 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%. The transition from 2012 to 2017 marked a significant decrease of 33%, while the subsequent increase from 2017 to 2023 was notable at 50%. The most recent revision from 2023 to 2024 showed no change, maintaining the value at Rs 181 per sq.ft.

Guideline values in Mettupalayam

In Mettupalayam, there are a total of 45 streets under the Sunguvarchattram SRO, with 2024 guideline values ranging from Rs 181 to Rs 900 per sq.ft. The median value among these streets is Rs 181 per sq.ft, which is equal to the guideline value of Ambethkar Kurukku Street-I.

• Ambethkar Kurukku Street-II: 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-I

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 of Rs 16,290. 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 Ambethkar Kurukku Street-I?

The Sub Registrar Office that covers Ambethkar Kurukku Street-I 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 details.

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

The guideline value is a crucial factor when registering property in Mettupalayam. It determines the amount of stamp duty and registration fees that must be paid, ensuring that the transaction aligns with the government's valuation standards.

When you buy or sell property, the guideline value serves as a benchmark for assessing the transaction's legitimacy. It helps in maintaining transparency in property dealings, ensuring that both buyers and sellers are aware of the official valuation of the property.

Frequently asked questions

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

The current guideline value of Ambethkar Kurukku Street-I 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-I?

The land classification for Ambethkar Kurukku Street-I is Residential Class II Type - I.

Where can I find the Sub Registrar Office for this street?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 1,81,000, leading to a stamp duty of Rs 12,670.