Guideline Value for Ambethkar Street (C Zone)

Ambethkar Street (C Zone) guideline value

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

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

The guideline value for Ambethkar Street (C Zone) has undergone several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

When examining the changes, the guideline value rose by 49% from 2017 to 2023. However, from 2012 to 2017, there was a decline of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

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

• Ambethkar Street (B 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 (C Zone)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, leading to a total of Rs 99,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers Ambethkar Street (C 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 buying or selling property in Peerklankaranai, as it determines the amount of stamp duty and registration fees that need to be paid. Buyers and sellers must consider this value to ensure compliance with local regulations and avoid any legal issues during the transaction.

When a property is registered, the guideline value serves as a benchmark for taxation purposes. It is essential for both parties to be aware of the current guideline value to facilitate a smooth transaction and proper financial planning.

Frequently asked questions

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

The current guideline value of Ambethkar Street (C 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 to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft from the 2024 revision.

What is the median guideline value in Peerklankaranai?

The median guideline value in Peerklankaranai is Rs 1,650 per sq.ft, which is above the current guideline value of Ambethkar Street (C Zone).

What are the registration fees for property transactions?

For a property valued at Rs 11,00,000, the stamp duty is Rs 77,000 and the registration fee is Rs 22,000, totaling Rs 99,000. This is based on the current guideline value.

Where can I find the Sub Registrar Office for Ambethkar Street (C Zone)?

The Sub Registrar Office for Ambethkar Street (C Zone) is located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find more information online.