Guideline Value for Ambethkar Street

Ambethkar Street guideline value

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

How the guideline value of Ambethkar Street has changed

The guideline value for Ambethkar Street has undergone several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 134 per sq.ft. This figure saw a significant increase to Rs 200 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase from 2017 to 2023 and maintaining the same value in 2024. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012.

From 2023 to 2024, the guideline value remained unchanged at Rs 200 per sq.ft, indicating a stable valuation in the most recent revision. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 49%.

Guideline values in Santhavellur_C

In Santhavellur_C, there are 52 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 2,000 per sq.ft, with a median value of Rs 350 per sq.ft. Ambethkar Street's 2024 figure is below this median.

• Ambal Nagar: Rs 400 per sq.ft (2024)
• Andal Nagar: Rs 400 per sq.ft (2024)
• Andal nagar Extension: Rs 500 per sq.ft (2024)
• Annai Velankanni Nagar: Rs 700 per sq.ft (2024)
• Abdul Rahim street II: Rs 700 per sq.ft (2024)
• Abdul Rahim street I: Rs 700 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 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The applicable stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total cost of Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, 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 more details.

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

When buying or selling property in Santhavellur_C, the guideline value plays a crucial role in determining the stamp duty and registration fees. This value is set by the government and is used to assess the tax obligations associated with the transaction.

It is essential for buyers and sellers to be aware of the guideline value, as it influences the overall costs involved in property transactions. Accurate knowledge of these values can help in better financial planning during the buying or selling process.

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 increased from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023 and 2024, representing a 49% increase from 2017 to 2024.

What is the land classification of Ambethkar Street?

Ambethkar Street falls under the Residential Class IV Type - I land classification.

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

For a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 and the registration fee would be Rs 4,000, totaling Rs 18,000.

Where is the Sub Registrar Office for Ambethkar Street located?

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