Guideline Value for Ambethkar Street

Ambethkar Street guideline value

The current guideline value of Ambethkar Street is Rs 250 per sq.ft, effective from 1 July 2024. This street is located in Koozhangacheri village and falls under the Sunguvarchattram SRO, classified as Residential Class I Type - I.

How the guideline value of Ambethkar Street has changed

Since the 2012 revision, the guideline value for Ambethkar Street has remained consistent at Rs 250 per sq.ft as per the 2024 and 2023 revisions. The 2017 revision saw a significant increase to Rs 167 per sq.ft, marking a 50% increase from the previous figure. However, the value dropped by 33% from Rs 250 per sq.ft in 2012 to Rs 167 per sq.ft in 2017.

For the years 2002, 2003, and 2007, the register has no figure for this street. Overall, from 2012 to 2024, the guideline value shows no change, maintaining the rate at Rs 250 per sq.ft.

Guideline values in Koozhangacheri

Koozhangacheri village has 47 streets under the Sunguvarchattram SRO with a 2024 guideline value ranging from Rs 200 to Rs 1,200 per sq.ft. The median value for these streets is Rs 226 per sq.ft, placing Ambethkar Street above this median value.

• Annai Nagar: Rs 200 per sq.ft (2024)
• Aravindha Avenue: Rs 226 per sq.ft (2024)
• Bajanai Kovil Street: Rs 200 per sq.ft (2024)
• Bharathi Nagar: Rs 250 per sq.ft (2024)
• Bharathi Nagar Part-I: Rs 250 per sq.ft (2024)
• Dhanalakshmi Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, while the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ambethkar Street?

The Sub Registrar Office that covers Ambethkar Street 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 further assistance.

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

The guideline value is a crucial factor during property registration in Koozhangacheri. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, thus providing transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ambethkar Street?

The current guideline value of Ambethkar Street is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2012 to 2024, with a notable increase to Rs 167 per sq.ft in 2017, followed by a return to Rs 250 per sq.ft in 2023 and 2024.

What is the land classification for Ambethkar Street?

Ambethkar Street is classified as Residential Class I Type - I, indicating its suitability for residential developments.

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

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

How is stamp duty calculated for properties in Koozhangacheri?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, the total stamp duty for a property valued at Rs 2,50,000 would be Rs 17,500 at a rate of 7%.