Guideline Value for Ambiga Nagar

Ambiga Nagar guideline value

The current guideline value of Ambiga Nagar is Rs 2,200 per sq.ft, effective from the 2024 revision. This area is located in Nerkundram village, under the Virugambakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Ambiga Nagar has changed

Over the years, the guideline value of Ambiga Nagar has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged until the 2017 revision when it dropped to Rs 1,340 per sq.ft. Subsequently, the value increased to Rs 2,000 per sq.ft in the 2023 revision and further rose to Rs 2,200 per sq.ft in the 2024 revision.

The changes between these revisions reflect a significant increase in value. From 2012 to 2017, there was a decrease of 33%. However, the value surged by 49% from 2017 to 2023, and then increased by 10% from 2023 to 2024. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is the same as the guideline value for Ambiga Nagar.

• Amudavalli Avenue: Rs 2,200 per sq.ft (2024)
• Anbu Nagar 10th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 11th Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Anbu Nagar 3rd Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Ambiga Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambiga Nagar?

The Sub Registrar Office that covers Ambiga Nagar is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Nerkundram. It serves as the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the applicable stamp duty and registration fees. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Ambiga Nagar?

The current guideline value of Ambiga Nagar is Rs 2,200 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Ambiga Nagar?

Ambiga Nagar is classified as Residential Class IV Type - I under the current guidelines.

Where can I find the Sub Registrar Office for Ambiga Nagar?

The Sub Registrar Office for Ambiga Nagar is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for property in Ambiga Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 22,00,000, the stamp duty would be Rs 1,54,000.