Guideline Value for Ambethkar Street

Ambethkar Street guideline value

The current guideline value of Ambethkar Street in Mettupalayam village is Rs 181 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class II Type - I.

How the guideline value of Ambethkar Street has changed

The guideline value for Ambethkar Street has seen several revisions over the years. The 2012 revision set the value at Rs 180 per sq.ft, which then decreased to Rs 121 per sq.ft in the 2017 revision, marking a reduction of 33%. However, from 2017 to 2023, the value increased by 50%, stabilizing at Rs 181 per sq.ft for the 2023 revision, which remained unchanged in the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by just 1%, reflecting a steady state in the recent years.

Guideline values in Mettupalayam

In Mettupalayam, there are 45 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 181 to Rs 900 per sq.ft. The median value is Rs 181 per sq.ft, making Ambethkar Street's 2024 figure equal to that median.

• Ambethkar Main Road: Rs 181 per sq.ft (2024)
• Ambethkar Kurukku Street-III: Rs 181 per sq.ft (2024)
• Ambethkar Kurukku Street-II: Rs 181 per sq.ft (2024)
• Ambethkar Kurukku Street-I: Rs 181 per sq.ft (2024)
• Ambal Nagar: Rs 181 per sq.ft (2024)
• Ananda Habitat: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Street

For a 1,000 sq.ft plot at the current rate of Rs 181 per sq.ft, the guideline value amounts to Rs 1,81,000. The stamp duty at 7% would be Rs 12,670, and the registration fee at 2% would be Rs 3,620, totaling Rs 16,290. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

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, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in the registration process of properties in Mettupalayam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. These costs are essential considerations for both buyers and sellers during the transaction process.

Frequently asked questions

What is the current guideline value of Ambethkar Street?

The current guideline value of Ambethkar Street is Rs 181 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 180 per sq.ft in 2012 to Rs 121 per sq.ft in 2017, then increased to Rs 181 per sq.ft in both 2023 and 2024.

What is the median guideline value in Mettupalayam?

The median guideline value in Mettupalayam is Rs 181 per sq.ft, which is the same as the current value for Ambethkar Street.

What are the stamp duty and registration fees for properties in Ambethkar Street?

For a property valued at Rs 1,81,000, the stamp duty would be Rs 12,670, and the registration fee would be Rs 3,620, totaling Rs 16,290.

Which office handles property registrations for Ambethkar Street?

The Sunguvarchattram Sub Registrar Office handles property registrations for Ambethkar Street, located at Vadivamal Nagar Kandigai Road, opposite Caparo Company, Sunguvarchatram, Chengalpattu registration zone.