Guideline Value for DEEPAM AMBANI NAGAR

Deepam Ambani Nagar guideline value

The current guideline value of Deepam Ambani Nagar is Rs 103 per sq.ft, effective from 1 July 2024. This area is located in Kattankulam village, under the Salavakkam SRO, and is classified as Residential Special Type - I.

How the guideline value of Deepam Ambani Nagar has changed

In the 2012 revision, the guideline value was set at Rs 100 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 67 per sq.ft. Following this, the value increased to Rs 100 per sq.ft in 2023. The most recent revision in 2024 has raised the value to Rs 103 per sq.ft, marking a 3% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 3%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kattankulam

In Kattankulam village, there are eight streets under the Salavakkam SRO that have a 2024 guideline value ranging from Rs 100 to Rs 103 per sq.ft, with the median being Rs 103 per sq.ft. Deepam Ambani Nagar's 2024 figure matches this median.

• Gandhi Nagar: Rs 102 per sq.ft (2024)
• Gilli Garden Phase-I: Rs 103 per sq.ft (2024)
• Gilli Garden Phase-II: Rs 103 per sq.ft (2024)
• Mgr Nagar Phase-I: Rs 103 per sq.ft (2024)
• Mgr Nagar Phase-II: Rs 103 per sq.ft (2024)
• Palace Estate Avenue: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Deepam Ambani Nagar

For a 1,000 sq.ft plot at the current rate of Rs 103 per sq.ft, the guideline value would be Rs 1,03,000. The stamp duty at 7% would amount to Rs 7,210, while the registration fee at 2% would be Rs 2,060. Together, the total cost for stamp duty and registration would be Rs 9,270. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Deepam Ambani Nagar?

The Sub Registrar Office that covers Deepam Ambani Nagar is the Salavakkam Sub Registrar Office, located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattankulam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid to the government during the transaction.

When a property is sold, the buyer is required to pay stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives a fair share of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Deepam Ambani Nagar?

The current guideline value of Deepam Ambani Nagar is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then back to Rs 100 per sq.ft in 2023, and finally to Rs 103 per sq.ft in 2024.

What is the land classification of Deepam Ambani Nagar?

Deepam Ambani Nagar is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Deepam Ambani Nagar?

The Sub Registrar Office for Deepam Ambani Nagar is located at 2/1a, Thottakkara Street, Salavakkam, 603 107, Chengalpattu registration zone.

How is stamp duty calculated for properties in Deepam Ambani Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 1,03,000, the stamp duty would be Rs 7,210 at 7%.