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 Thirupanthiyoor village and falls under the Sunguvarchattram SRO. The land classification for this area is Residential Class IV 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 200 per sq.ft, which was a decrease of 33% from the Rs 134 per sq.ft recorded in the 2017 revision. Following this, the 2023 revision maintained the value at Rs 200 per sq.ft, and the same figure was carried into the 2024 revision, resulting in no change from 2023 to 2024.

Overall, from the 2012 revision to the 2024 revision, the guideline value has remained unchanged at Rs 200 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirupanthiyoor

In Thirupanthiyoor village, there are 53 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 900 per sq.ft. The median guideline value for these streets is Rs 350 per sq.ft, indicating that Ambethkar Street's 2024 figure is below that median.

• Amman Kovil Street: Rs 250 per sq.ft (2024)
• Angel Avenue: Rs 450 per sq.ft (2024)
• Angel Town: Rs 450 per sq.ft (2024)
• Abu Nagar: Rs 400 per sq.ft (2024)
• Anna Street: Rs 200 per sq.ft (2024)
• Anthoniyarpuram: Rs 200 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 stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, resulting in a total of Rs 18,000 for both fees. Please note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, 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 information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Thirupanthiyoor. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction. This ensures that the government receives appropriate revenue from property transactions in the area.

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 seen revisions in 2012, 2017, 2023, and 2024, with the value remaining at Rs 200 per sq.ft since 2012, except for the increase from Rs 134 per sq.ft in 2017.

What is the land classification for Ambethkar Street?

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

What are the other guideline values in Thirupanthiyoor?

In Thirupanthiyoor, guideline values range from Rs 200 to Rs 900 per sq.ft, with a median value of Rs 350 per sq.ft. Ambethkar Street's value is below this median.

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. You can find more information by visiting the appropriate link.