Guideline Value for Ambethkar Street (S.V.Nagar)

Ambethkar Street (S.V.Nagar) guideline value

The current guideline value of Ambethkar Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Ambethkar Street (S.V.Nagar) has changed

The guideline value for Ambethkar Street (S.V.Nagar) has seen several revisions over the years. In the 2007 revision, the value was Rs 400 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, it then dropped to Rs 1,005 per sq.ft in the 2017 revision before rising to Rs 1,500 per sq.ft in the 2023 revision. The most recent revision in 2024 set the guideline value at Rs 1,600 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%, followed by a further increase of 7% from 2023 to 2024. The overall change from the 2007 revision to the 2024 revision reflects a substantial increase of 300%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. Ambethkar Street (S.V.Nagar) has a guideline value below this median.

• Ambethkar Street (Vijayalakhmipuram): Rs 2,400 per sq.ft (2024)
• Ameen Nagar: Rs 1,600 per sq.ft (2024)
• Ambedkar Street(S.No.69): Rs 1,300 per sq.ft (2024)
• Amman Nagar: Rs 1,400 per sq.ft (2024)
• Amman Street: Rs 1,400 per sq.ft (2024)
• Amuthan Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Street (S.V.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambethkar Street (S.V.Nagar)?

The Sub Registrar Office that covers Ambethkar Street (S.V.Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of Ambethkar Street (S.V.Nagar)?

The current guideline value of Ambethkar Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting a total increase of 300% over the years.

What are the stamp duty and registration fees for a property on this street?

For a 1,000 sq.ft plot, the total guideline value is Rs 16,00,000. The stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Ambethkar Street (S.V.Nagar), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Ambethkar Street (S.V.Nagar)?

Ambethkar Street (S.V.Nagar) is classified as Residential Class II Type - I, which is important for understanding the land use and development regulations in the area.