Guideline Value for Ambethkar Street

Ambethkar Street guideline value

The current guideline value of Ambethkar Street is Rs 181 per sq.ft, effective from 1 July 2024. This street is located in Podavoor village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Ambethkar Street has changed

Looking at the historical revisions, the guideline value for Ambethkar Street was Rs 180 per sq.ft in 2012, which decreased to Rs 121 per sq.ft in 2017. This represents a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 50%, bringing it back to Rs 181 per sq.ft. The 2023 revision maintained the same figure of Rs 181 per sq.ft in the 2024 revision, indicating no change from the previous year.

The register has no figure for Ambethkar Street for the years 2002, 2003, and 2007. Therefore, we only have the figures from 2012, 2017, 2023, and 2024 to consider for this street.

Guideline values in Podavoor

In Podavoor, there are 20 streets under the Sunguvarchattram SRO that have a 2024 guideline value ranging from Rs 181 to Rs 600 per sq.ft. The median value is Rs 250 per sq.ft, making the 2024 figure for Ambethkar Street below that median.

• Achari Street: Rs 300 per sq.ft (2024)
• Anubav Green Land: Rs 600 per sq.ft (2024)
• Anubav Green Rich Village: Rs 600 per sq.ft (2024)
• Ayyar Street: Rs 181 per sq.ft (2024)
• Bajanai Kovil Street: Rs 300 per sq.ft (2024)
• Chemman Kuttai Street: Rs 181 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, the guideline value would be Rs 1,81,000. The stamp duty at 7% would amount to Rs 12,670, while the registration fee at 2% would be Rs 3,620, making a total of 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 Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

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

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

The guideline value plays a crucial role during property registration in Podavoor. It serves as a benchmark for determining the minimum value of a property, which is necessary for calculating stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value is used to assess the applicable stamp duty, which is charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

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 for Ambethkar Street 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 land classification for Ambethkar Street?

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

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 16,290, which includes Rs 12,670 for stamp duty and Rs 3,620 for registration fees.

Which Sub Registrar Office covers Ambethkar Street?

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