Guideline Value for Ambethkar Main Road

Ambethkar Main Road guideline value

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

How the guideline value of Ambethkar Main Road has changed

In the 2012 revision, the guideline value was Rs 180 per sq.ft. This value decreased to Rs 121 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 50%, bringing it back to Rs 181 per sq.ft. The 2024 revision maintains this value, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for Ambethkar Main Road. Overall, from 2012 to 2024, the guideline value has increased by just 1%.

Guideline values in Mettupalayam

Mettupalayam has a total of 45 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 181 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 181 per sq.ft, which is equal to the current value of Ambethkar Main Road.

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

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 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 Main Road?

The Sub Registrar Office covering Ambethkar Main Road is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mettupalayam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration reflects the true value of the transaction.

Frequently asked questions

What is the current guideline value of Ambethkar Main Road?

The current guideline value of Ambethkar Main Road 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 of Ambethkar Main Road?

Ambethkar Main Road is classified as Residential Class II Type - I.

Where can I find the registration office for Ambethkar Main Road?

The registration office for Ambethkar Main Road is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is stamp duty calculated for properties in Mettupalayam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a plot valued at Rs 1,81,000, the stamp duty would be Rs 12,670 at 7%.