Guideline Value for Ambethkar Street

Ambethkar Street guideline value

The current guideline value of Ambethkar Street in Padoor village is Rs 200 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Class I Type - I.

How the guideline value of Ambethkar Street has changed

Looking at the revisions, the guideline value for Ambethkar Street has remained consistent at Rs 200 per sq.ft in both the 2023 and 2024 revisions. Prior to that, in the 2017 revision, the value was Rs 134 per sq.ft, marking a significant increase of 49% from 2017 to 2023. The 2012 revision also recorded a value of Rs 200 per sq.ft, indicating a decrease of 33% from 2012 to 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has not changed, remaining at Rs 200 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Padoor

Padoor village has 22 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,700 per sq.ft. The median value for these streets is Rs 705 per sq.ft, placing Ambethkar Street's 2024 figure below that median.

• Amman Koil Street: Rs 200 per sq.ft (2024)
• Bhajanai koil street: Rs 200 per sq.ft (2024)
• Breeze county: Rs 600 per sq.ft (2024)
• Bypass Road: Rs 200 per sq.ft (2024)
• Indra Street: Rs 200 per sq.ft (2024)
• Madha Koil Street: Rs 150 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 200 per sq.ft, the guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total to Rs 18,000. It's important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambethkar Street?

The Sub Registrar Office covering 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 Padoor

The guideline value is an essential factor when registering property transactions in Padoor. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that transactions are recorded accurately and fairly.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers. It helps in understanding the value of the property in relation to others in the area, ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value of Ambethkar Street?

The current guideline value of Ambethkar Street is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft from 2012 to 2024, with a significant increase from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023.

What is the land classification of Ambethkar Street?

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

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

For a 1,000 sq.ft plot valued at Rs 200 per sq.ft, the total stamp duty and registration fees would amount to Rs 18,000, based on the guideline value of Rs 2,00,000.

Which office do I need to visit for property registration in Ambethkar Street?

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