Guideline Value for Ambetkar Street (ward 6)

Ambetkar Street (ward 6) guideline value

The current guideline value of Ambetkar Street (ward 6) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Periyapanancheri village, under the Pammal Sub Registrar Office (SRO). The land classification for this area is Residential Class II Type - I.

How the guideline value of Ambetkar Street (ward 6) has changed

The guideline value for Ambetkar Street (ward 6) has seen several revisions over the years. The earliest recorded revision is from 2017, where the value was Rs 804 per sq.ft. This figure increased to Rs 1,200 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,320 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Periyapanancheri

In Periyapanancheri, there are 33 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 990 to Rs 4,925 per sq.ft. The median value among these streets is Rs 1,320 per sq.ft, which is equal to the current guideline value of Ambetkar Street (ward 6).

• Ambetkar Street (ward 5): Rs 1,320 per sq.ft (2024)
• Ambal Nagar: Rs 1,320 per sq.ft (2024)
• Anandha Vinayagar Nagar: Rs 1,320 per sq.ft (2024)
• Anna Street: Rs 2,200 per sq.ft (2024)
• Balakrishna Nagar: Rs 1,320 per sq.ft (2024)
• Balakrishnan Street: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Ambetkar Street (ward 6)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. It is important to note that the 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 Ambetkar Street (ward 6)?

The Sub Registrar Office that covers Ambetkar Street (ward 6) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Periyapanancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ambetkar Street (ward 6)?

The current guideline value of Ambetkar Street (ward 6) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, marking an overall increase of 64% over this period.

What is the land classification for Ambetkar Street (ward 6)?

The land classification for Ambetkar Street (ward 6) is Residential Class II Type - I.

What are the other streets in Periyapanancheri with similar guideline values?

Other streets in Periyapanancheri with the same guideline value of Rs 1,320 per sq.ft include Ambetkar Street (ward 5), Ambal Nagar, and Anandha Vinayagar Nagar.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.