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 2 village, under the Chennai Central Joint I SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Ambujammal Street has changed

The guideline value for Ambujammal Street has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The most recent figures show that in 2023, the guideline value was Rs 13,000 per sq.ft, which increased by 10% to Rs 14,300 per sq.ft in the 2024 revision.

Prior to the 2023 revision, the register has no figures for the aforementioned years. The increase from Rs 13,000 to Rs 14,300 in 2024 reflects a significant change in the guideline value for this street.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median 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 rate of Rs 14,300 per sq.ft, the 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. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, 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 2

The guideline value plays a crucial role in the registration process of property transactions in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that both parties are aware of the minimum value that will be considered for taxation purposes. This helps maintain transparency in property transactions within the area.

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 revisions in the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Ambujammal Street?

The land classification for Ambujammal Street is Residential Special Type - IV, indicating its designated use within the area.

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

For a property valued at the current guideline value of Rs 14,300 per sq.ft, the stamp duty would be Rs 10,01,000 and the registration fee would be Rs 2,86,000 for a 1,000 sq.ft plot, totaling Rs 12,87,000.

Which office handles the registration for Ambujammal Street?

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