Guideline Value for Ammbal Nagar

Ammbal Nagar guideline value

The current guideline value of Ammbal Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Ammbal Nagar has changed

The guideline value for Ammbal Nagar has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 700 per sq.ft, which remains unchanged from the 2023 revision, also at Rs 700 per sq.ft. Prior to this, the 2017 revision recorded a guideline value of Rs 469 per sq.ft. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the increase remains at 49%, reflecting the same current value of Rs 700 per sq.ft established in the latest revision.

Guideline values in Sriperumbudur A

In Sriperumbudur A, a total of 238 streets are listed under the Sriperumpudur SRO, with guideline values ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, placing Ammbal Nagar's 2024 figure at this median value.

• Amman Avenue: Rs 1,200 per sq.ft (2024)
• American NRI City: Rs 1,000 per sq.ft (2024)
• Annai Avenue: Rs 700 per sq.ft (2024)
• Annai Indra Ganthi Nagar: Rs 400 per sq.ft (2024)
• Annai Indra Royal city: Rs 1,000 per sq.ft (2024)
• A L S Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Ammbal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty is charged at 7%, resulting in Rs 49,000, while the registration fee is 2%, amounting to Rs 14,000. Therefore, the total charges together would be Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ammbal Nagar?

The Sub Registrar Office that covers Ammbal 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 information.

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

The guideline value plays a crucial role during the registration process of property transactions in Sriperumbudur A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, buyers and sellers must adhere to the guideline value set for the specific area, ensuring that all transactions are compliant with the local regulations. This value is essential for calculating the applicable fees and ensuring transparency in property dealings.

Frequently asked questions

What is the current guideline value of Ammbal Nagar?

The current guideline value of Ammbal Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, and it increased by 49% from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023.

What is the land classification of Ammbal Nagar?

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

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

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

How is the stamp duty calculated for properties in Ammbal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 700 per sq.ft, the stamp duty would be Rs 49,000.