Guideline Value for Ambika Nagar

Ambika Nagar guideline value

The current guideline value of Ambika Nagar, located in Mannoor village under the Sriperumpudur SRO, is Rs 200 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Ambika Nagar has changed

The guideline value for Ambika Nagar has seen several revisions over the years. In the 2007 revision, the value was set at Rs 50 per sq.ft. This increased significantly to Rs 200 per sq.ft in the 2012 revision, marking a 300% rise. However, in the 2017 revision, the value decreased to Rs 134 per sq.ft, a decline of 33%. The value then rose to Rs 200 per sq.ft in both the 2023 and 2024 revisions, with no change between these two years.

It is important to note that there are no figures available for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 300%.

Guideline values in Mannoor

In Mannoor, there are 56 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 1,500 per sq.ft. The median guideline value in this area is Rs 250 per sq.ft, which means that the guideline value of Ambika Nagar is below this median.

• Ambedhkar Street: Rs 100 per sq.ft (2024)
• Ananthapuram: Rs 200 per sq.ft (2024)
• Bairavar Nagar: Rs 250 per sq.ft (2024)
• Bajanai Koil Cross Street: Rs 100 per sq.ft (2024)
• Bajanai Koil Street: Rs 200 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Ambika Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, making the total cost for these fees Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ambika Nagar?

The Sub Registrar Office that covers Ambika Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Mannoor. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs reflect the official valuation set by the government.

When a property is bought or sold, the guideline value is used to determine the applicable fees, which are charged on the higher of the guideline value or the sale price. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Ambika Nagar?

The current guideline value of Ambika Nagar is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 50 per sq.ft in 2007 to Rs 200 per sq.ft in 2012, then decreased to Rs 134 per sq.ft in 2017, and returned to Rs 200 per sq.ft in both 2023 and 2024.

What is the land classification of Ambika Nagar?

Ambika Nagar is classified as Residential Class III Type - I, indicating its designation for residential purposes.

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

The Sub Registrar Office for Ambika Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How are stamp duty and registration fees calculated in Mannoor?

Stamp duty and registration fees in Mannoor are calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 2,00,000 would incur a stamp duty of Rs 14,000 and a registration fee of Rs 4,000.