Guideline Value for Ambujammal Street

Ambujammal Street guideline value

The current guideline value of Ambujammal Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village and falls under the Chennai Central Joint I SRO. The land classification for this street is Residential Special Type - IV.

How the guideline value of Ambujammal Street has changed

The guideline value for Ambujammal Street has seen notable changes over the years. The register has no figure for this street in 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was Rs 13,000 per sq.ft, which was then revised to Rs 14,300 per sq.ft in 2024, marking a 10% increase.

Starting from the 2023 revision, the guideline value has increased from Rs 13,000 per sq.ft to Rs 14,300 per sq.ft in 2024. This change reflects the current valuation trends for properties in the area.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Ambujammal Street's 2024 figure above this median.

• Ammaiappan Lane: Rs 8,700 per sq.ft (2024)
• Ammaiappan Street: Rs 8,700 per sq.ft (2024)
• Alwarpet Street: Rs 8,700 per sq.ft (2024)
• Alwarpet 5th Street: Rs 8,700 per sq.ft (2024)
• Alwarpet 4th Street: Rs 8,700 per sq.ft (2024)
• Alwarpet 3rd Street: Rs 8,700 per sq.ft (2024)

Stamp duty and registration fee for property in Ambujammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, totaling Rs 12,87,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambujammal Street?

The Sub Registrar Office that covers Ambujammal Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the stamp duty. This ensures that the fees reflect the property's value as determined by the local government.

Frequently asked questions

What is the current guideline value of Ambujammal Street?

The current guideline value of Ambujammal Street is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Ambujammal Street has changed from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024, reflecting a 10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification of Ambujammal Street?

Ambujammal Street is classified as Residential Special Type - IV. This classification is important for determining the usage and regulations applicable to the property.

What are the stamp duty and registration fees for properties in Ambujammal Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 12,87,000.

Where can I find the Sub Registrar Office for Ambujammal Street?

The Sub Registrar Office for Ambujammal Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.