Guideline Value for Ambigai Nagar

Ambigai Nagar guideline value

The current guideline value of Ambigai Nagar, located in Ayappakkam village under the Ambattur SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Ambigai Nagar has changed

Over the years, the guideline value of Ambigai Nagar has seen several revisions. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012, marking a 100% rise. However, it then decreased to Rs 804 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 1,200 per sq.ft in 2023 and reached Rs 1,300 per sq.ft in the 2024 revision, reflecting an 8% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 117%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with 2024 guideline values ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value is Rs 1,300 per sq.ft, which is equal to the current value of Ambigai Nagar.

• Amirthananda Mayi street (maruthiram nagar): Rs 1,100 per sq.ft (2024)
• Ambedkar Street: Rs 550 per sq.ft (2024)
• Ambattur Co-op. Nagar: Rs 1,300 per sq.ft (2024)
• Ananoor Railway Station 1st Cross street (Santhosh nagar): Rs 880 per sq.ft (2024)
• Andavar 1st cross street: Rs 1,700 per sq.ft (2024)
• Andavar Street: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ambigai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambigai Nagar?

The Sub Registrar Office that covers Ambigai Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is sold, the guideline value helps in ensuring that the transaction is recorded at a value that reflects the current market conditions, thereby facilitating a fair and transparent process for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Ambigai Nagar?

The current guideline value of Ambigai Nagar is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117%.

What are the stamp duty and registration fees for property in Ambigai Nagar?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Which Sub Registrar Office covers Ambigai Nagar?

The Ambattur Sub Registrar Office covers Ambigai Nagar, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification of Ambigai Nagar?

Ambigai Nagar is classified as Residential Class I Type - I.