Guideline Value for Ambrose Garden

Ambrose Garden guideline value

The current guideline value of Ambrose Garden is Rs 150 per sq.ft, effective from 1 July 2024. This area is located in Nemili_B village under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Ambrose Garden has changed

The guideline value for Ambrose Garden has seen several revisions over the years. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2023 set the value at Rs 200 per sq.ft, which was then reduced by 25% to Rs 150 per sq.ft in the 2024 revision.

In summary, the guideline value was Rs 200 per sq.ft in 2023 and decreased to Rs 150 per sq.ft in 2024. This change reflects a significant reduction in the value over the past year.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that have a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median of Rs 250 per sq.ft. Ambrose Garden's current guideline value is below this median.

• Ambedhkar Street: Rs 150 per sq.ft (2024)
• Alamelu puram: Rs 250 per sq.ft (2024)
• Adhi Sankara Nagar: Rs 300 per sq.ft (2024)
• Adhiparasakthi Nagar: Rs 300 per sq.ft (2024)
• Arul Nagar: Rs 250 per sq.ft (2024)
• Asina nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Ambrose Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. 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 Ambrose Garden?

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

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

The guideline value plays a crucial role in property transactions in Nemili_B. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with local regulations. This value is updated periodically, reflecting changes in the real estate market and local governance.

Frequently asked questions

What is the current guideline value of Ambrose Garden?

The current guideline value of Ambrose Garden is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value was Rs 200 per sq.ft in 2023 and decreased to Rs 150 per sq.ft in 2024, reflecting a 25% reduction. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What are the guideline values of other streets in Nemili_B?

Other streets in Nemili_B have varying guideline values, ranging from Rs 150 to Rs 300 per sq.ft. For example, Ambedhkar Street has a value of Rs 150 per sq.ft, while Adhi Sankara Nagar and Adhiparasakthi Nagar are valued at Rs 300 per sq.ft.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Where can I find the Sub Registrar Office for Ambrose Garden?

The Sub Registrar Office for Ambrose Garden is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more information by visiting the appropriate links.