Guideline Value for Ambujam Nagar

Ambujam Nagar guideline value

The current guideline value of Ambujam Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Madambakkam village, under the Gooduvancheri SRO, and is classified as Commercial Special Type - I.

How the guideline value of Ambujam Nagar has changed

Over the years, the guideline value of Ambujam Nagar has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 804 per sq.ft. However, from 2017 to 2023, the value increased significantly by 49%, bringing it back to Rs 1,200 per sq.ft in 2023. The 2024 revision maintains this figure, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has remained the same at Rs 1,200 per sq.ft.

Guideline values in Madambakkam

In Madambakkam, there are 110 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, which is the same as the guideline value for Ambujam Nagar.

• Ammakannu Nagar: Rs 1,200 per sq.ft (2024)
• Amma Nagar: Rs 1,200 per sq.ft (2024)
• Ambethkar Nagar: Rs 1,200 per sq.ft (2024)
• Akchaya Nagar: Rs 1,200 per sq.ft (2024)
• Abi Krishna Nagar Phase-II: Rs 1,300 per sq.ft (2024)
• Anthony Pillai Nagar: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Ambujam Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Ambujam Nagar?

The Sub Registrar Office that covers Ambujam Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor when registering property transactions in Madambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ambujam Nagar?

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

How has the guideline value changed over the years?

The guideline value has remained at Rs 1,200 per sq.ft from 2012 to 2024, with a notable decrease to Rs 804 per sq.ft in 2017 and an increase back to Rs 1,200 per sq.ft in 2023.

What is the land classification of Ambujam Nagar?

Ambujam Nagar is classified as Commercial Special Type - I, indicating its designation for commercial use.

Where is the Gooduvancheri Sub Registrar Office located?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,200 per sq.ft would incur a total fee of Rs 1,08,000.