Guideline Value for Ambethkar Street (ward 4)

Ambethkar Street (ward 4) guideline value

The current guideline value of Ambethkar Street (ward 4) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Tharapakkam village under the Pammal SRO and is classified as Residential Class I Type - I.

How the guideline value of Ambethkar Street (ward 4) has changed

The guideline value for Ambethkar Street (ward 4) has undergone several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased to Rs 1,000 per sq.ft in 2023. The latest revision in 2024 raised it further to Rs 1,100 per sq.ft, marking a 10% increase from the previous year. Notably, the overall increase from the 2017 revision to the 2024 revision is 64%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street. The significant changes in guideline value reflect the adjustments made in response to various factors affecting property valuation.

Guideline values in Tharapakkam

In Tharapakkam, there are 47 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which is the same as the 2024 figure for Ambethkar Street (ward 4).

• Ambethkar Street (ward 3): Rs 1,100 per sq.ft (2024)
• Ambethkar Street (ward 2): Rs 1,100 per sq.ft (2024)
• Amman Koil Street (ward 5): Rs 990 per sq.ft (2024)
• Amman Koil Street (ward 7): Rs 990 per sq.ft (2024)
• Alex Nagar: Rs 1,100 per sq.ft (2024)
• Abhirudhi Avenue: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Street (ward 4)

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, bringing the total cost to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambethkar Street (ward 4)?

The Sub Registrar Office covering Ambethkar Street (ward 4) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Tharapakkam

The guideline value plays a crucial role in the registration process of property transactions in Tharapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees, thus influencing the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ambethkar Street (ward 4)?

The current guideline value of Ambethkar Street (ward 4) 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 increased from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, representing a total increase of 64% over this period.

What are the other streets in Tharapakkam with their guideline values?

Other streets in Tharapakkam include Ambethkar Street (ward 3) and Ambethkar Street (ward 2), both at Rs 1,100 per sq.ft, as well as Amman Koil Street (ward 5) and (ward 7) at Rs 990 per sq.ft, and Alex Nagar at Rs 1,100 per sq.ft.

What is the registration fee for property in Ambethkar Street (ward 4)?

The registration fee for property in Ambethkar Street (ward 4) is calculated at 2% of the guideline value. For a property valued at Rs 11,00,000, the registration fee would be Rs 22,000.

Where can I find the Sub Registrar Office for Ambethkar Street (ward 4)?

The Sub Registrar Office for Ambethkar Street (ward 4) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information by visiting the appropriate online resource.