Guideline Value for Arasammal street (Nainee Ammal Lane)

Arasammal street (Nainee Ammal Lane) guideline value

The current guideline value of Arasammal street (Nainee Ammal Lane) is Rs 4,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Arasammal street (Nainee Ammal Lane) has changed

The guideline value for Arasammal street has seen several revisions over the years. The earliest available figure is from 2012, which was Rs 4,200 per sq.ft. This was followed by a decrease to Rs 2,814 per sq.ft in 2017, representing a decline of 33%. In 2023, the value increased to Rs 4,200 per sq.ft, and in the latest revision for 2024, it rose to Rs 4,600 per sq.ft, marking a 10% increase from the previous year.

In summary, from 2012 to 2024, the overall change in the guideline value is an increase of 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, which means that the guideline value of Arasammal street (Nainee Ammal Lane) is above this median.

• A.P. kannaia Street: Rs 3,600 per sq.ft (2024)
• Annibesant Street: Rs 2,500 per sq.ft (2024)
• Anna Street (venkatapuram): Rs 4,000 per sq.ft (2024)
• Annastreet (Thiruvalluar Nagar 16th Ward): Rs 1,400 per sq.ft (2024)
• Annastreet (Ramapuram): Rs 3,600 per sq.ft (2024)
• Arumuga Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Arasammal street (Nainee Ammal Lane)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, making the total charges Rs 4,14,000. 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 Arasammal street (Nainee Ammal Lane)?

The Sub Registrar Office covering Arasammal street (Nainee Ammal Lane) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor when registering property transactions in Ambattur. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value can influence negotiations between buyers and sellers. It is essential to be aware of the current guideline value to understand the financial implications during the registration process.

Frequently asked questions

What is the current guideline value of Arasammal street?

The current guideline value of Arasammal street (Nainee Ammal Lane) is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then back to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What is the stamp duty rate for property in Arasammal street?

The stamp duty rate for property transactions in Arasammal street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Arasammal street?

The Sub Registrar Office for Arasammal street (Nainee Ammal Lane) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value in Ambattur?

The median guideline value in Ambattur is Rs 3,600 per sq.ft, which means that the guideline value of Arasammal street is above this median.