Guideline Value for Ambethkar Street (B Zone)

Ambethkar Street (B Zone) guideline value

The current guideline value of Ambethkar Street (B Zone) in Peerklankaranai village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Ambethkar Street (B Zone) has changed

The guideline value for Ambethkar Street (B Zone) has undergone several revisions over the years. The earliest recorded figure is from 2012, where the guideline value was Rs 1,000 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 670 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 1,000 per sq.ft, marking a 49% rise. The latest revision in 2024 has set the value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Notably, there are no recorded figures for Ambethkar Street (B Zone) in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft, with a median value of Rs 1,650 per sq.ft. Ambethkar Street (B Zone) is below this median.

• Ambethkar Street (C Zone): Rs 1,100 per sq.ft (2024)
• Ambethkar Street ward 15th: Rs 1,100 per sq.ft (2024)
• Amman koil 1st St: Rs 1,650 per sq.ft (2024)
• Amman Koil 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Amman koil 2nd St: Rs 1,650 per sq.ft (2024)
• Amman Koil Ist Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Street (B Zone)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. 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 details.

Which Sub Registrar Office covers Ambethkar Street (B Zone)?

The Sub Registrar Office that covers Ambethkar Street (B Zone) is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Peerklankaranai. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees. Buyers should be aware that the stamp duty is based on the higher value between the guideline and the sale price, ensuring that the correct fees are paid during registration.

Frequently asked questions

What is the current guideline value of Ambethkar Street (B Zone)?

The current guideline value of Ambethkar Street (B Zone) is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft in 2024.

What are the other streets with guideline values in Peerklankaranai?

Other streets in Peerklankaranai include Ambethkar Street (C Zone) and Ambethkar Street ward 15th, both valued at Rs 1,100 per sq.ft, as well as several streets like Amman koil 1st St and others, all valued at Rs 1,650 per sq.ft in 2024.

Where can I find the Tambaram Joint 1 SRO?

The Tambaram Joint 1 SRO is located at No.26, Mes Road, East Tambaram, Chennai-600059. It is the office responsible for property registrations in the area.

How is stamp duty calculated in Peerklankaranai?

Stamp duty in Peerklankaranai is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the appropriate fees are collected during property transactions.