Guideline Value for Ambethkar Nagar

Ambethkar Nagar guideline value

The current guideline value of Ambethkar Nagar, located in Echur village under the Sunguvarchattram SRO, is Rs 150 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Ambethkar Nagar has changed

Ambethkar Nagar has seen several revisions in its guideline value over the years. The 2012 revision set the value at Rs 150 per sq.ft, which remained unchanged until the 2024 revision, indicating a stable price over this period. The 2017 revision recorded a lower value of Rs 100 per sq.ft, marking a decrease of 33% from the 2012 figure. Following this, the guideline value increased by 50% to Rs 150 per sq.ft in the 2023 revision, which was maintained in the subsequent 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 150 per sq.ft, showing no change despite the fluctuations in earlier years.

Guideline values in Echur

In Echur, there are 26 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft, with a median value of Rs 150 per sq.ft. Ambethkar Nagar's 2024 figure aligns with this median value.

• Adarsh Homes: Rs 250 per sq.ft (2024)
• Arokiamatha Kovil Street: Rs 150 per sq.ft (2024)
• Ayyar Street: Rs 150 per sq.ft (2024)
• China Colony Mariamman kovil Street: Rs 150 per sq.ft (2024)
• China Street: Rs 150 per sq.ft (2024)
• Eshwaran Kovil Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the 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 Nagar?

The Sub Registrar Office covering Ambethkar Nagar 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 further assistance.

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

The guideline value is a critical factor during property registration in Echur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is bought or sold, the guideline value is used to calculate the necessary fees, which are essential for the legal transfer of ownership. It is advisable to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ambethkar Nagar?

The current guideline value of Ambethkar Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 150 per sq.ft from 2012 to 2024, with a decrease to Rs 100 per sq.ft in 2017 and an increase back to Rs 150 per sq.ft in 2023.

What is the land classification for Ambethkar Nagar?

The land classification for Ambethkar Nagar is Residential Class IV Type - I.

What are the stamp duty and registration fees for property in Ambethkar Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,50,000, leading to a stamp duty of Rs 10,500 and a registration fee of Rs 3,000, totaling Rs 13,500.

Which office handles property registrations for Ambethkar Nagar?

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