Guideline Value for Ambethkar Nagar

Ambethkar Nagar guideline value

The current guideline value of Ambethkar Nagar is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Echur_B village and falls under the Sunguvarchattram SRO. It is classified as Residential Class IV Type - I.

How the guideline value of Ambethkar Nagar has changed

The guideline value for Ambethkar Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 100 per sq.ft, which remained unchanged at Rs 150 per sq.ft in both the 2023 and 2024 revisions, indicating a 50% increase from 2017 to 2023 and a 50% increase overall from 2017 to 2024. Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2023 to 2024, the guideline value remained stable with no percentage change. The consistent value of Rs 150 per sq.ft reflects the median guideline value for the 26 streets in Echur_B under the Sunguvarchattram SRO.

Guideline values in Echur_B

In Echur_B village, the guideline values for the 2024 revision range from Rs 150 to Rs 300 per sq.ft, with the median being Rs 150 per sq.ft. Ambethkar Nagar's guideline value aligns with this median.

• 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, calculated at 7%, would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, resulting in a total of Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambethkar Nagar?

The Sub Registrar Office that covers 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 more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Echur_B. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When a property is registered, the guideline value is assessed to determine the applicable taxes. Buyers and sellers should be aware that the final charges will be based on the higher of the guideline value or the actual sale price, which can impact the overall transaction costs.

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 since the 2023 revision, which also had the same figure. The value was Rs 100 per sq.ft in the 2017 revision, marking a 50% increase from 2017 to 2023 and overall from 2017 to 2024.

What is the land classification for Ambethkar Nagar?

Ambethkar Nagar is classified as Residential Class IV Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ambethkar Nagar?

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

How is the stamp duty calculated for properties in Ambethkar Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500.