Guideline Value for Ambika Nagar

Ambika Nagar guideline value

The current guideline value of Ambika Nagar is Rs 1,500 per sq.ft. It is located in Ayyencheri village under the Gooduvancheri SRO, classified as Residential Special Type - II.

How the guideline value of Ambika Nagar has changed

The guideline value for Ambika Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 375 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, this value remained unchanged until the next revision in 2017, where it dropped to Rs 1,005 per sq.ft. The most recent revision in 2023 saw the guideline value rise again to Rs 1,500 per sq.ft.

In terms of percentage changes, the value increased by 300% from 2007 to 2012, then decreased by 33% from 2012 to 2017. Following this, there was a notable increase of 49% from 2017 to 2023. Overall, from 2007 to 2023, the guideline value has increased by 300%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for this street.

Guideline values in Ayyencheri

Currently, there are no specific village figures available for Ayyencheri. Ambika Nagar is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Ayyencheri provided.

Stamp duty and registration fee for property in Ambika Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making a total of Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ambika Nagar?

The Sub Registrar Office that covers Ambika Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Ayyencheri. It determines the amount of stamp duty and registration fees that need to be paid, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value to ensure compliance with legal requirements and to accurately calculate the associated costs. This helps in avoiding any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ambika Nagar?

The current guideline value of Ambika Nagar is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, with an increase from Rs 375 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, followed by a drop to Rs 1,005 per sq.ft in 2017, and returning to Rs 1,500 per sq.ft in 2023.

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

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 at 7%, and the registration fee would be Rs 30,000 at 2%, totaling Rs 1,35,000.

Which office handles property registration in Ambika Nagar?

The Gooduvancheri Sub Registrar Office handles property registration for Ambika Nagar, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification of Ambika Nagar?

Ambika Nagar is classified as Residential Special Type - II, which is relevant for understanding the usage and regulations pertaining to the property.