Guideline Value for DR. AMBEDKAR NAGAR 5TH STREET

Dr. Ambedkar Nagar 5th Street guideline value

The current guideline value of Dr. Ambedkar Nagar 5th Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and is classified as Residential Class V Type - I.

How the guideline value of Dr. Ambedkar Nagar 5th Street has changed

The guideline value for Dr. Ambedkar Nagar 5th Street has undergone several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023 and has now reached Rs 1,600 per sq.ft in the 2024 revision.

Between the revisions, the changes were as follows: from 2007 to 2012, there was an increase of 200%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 7%. Overall, from 2007 to 2024, the guideline value has increased by 220%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Dr. Ambedkar Nagar 5th Street's guideline value is below this median.

• Dr. Ambedkar Nagar 4th Street: Rs 1,600 per sq.ft (2024)
• Dr. Ambedkar Nagar 6th Street: Rs 1,600 per sq.ft (2024)
• Dr. Ambedkar Nagar 7th Street: Rs 1,600 per sq.ft (2024)
• Dr. Ambedkar Nagar 4th Cross Street: Rs 1,600 per sq.ft (2024)
• Dr. Ambedkar Nagar 8th Street: Rs 1,600 per sq.ft (2024)
• Dr. Ambedkar Nagar 3rd Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 5th Street?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 5th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Perambur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When you buy or sell property, the guideline value helps determine the minimum price at which the property can be registered. This value is essential for both buyers and sellers to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 5th Street?

The current guideline value of Dr. Ambedkar Nagar 5th Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 220% over the years.

What is the land classification for Dr. Ambedkar Nagar 5th Street?

Dr. Ambedkar Nagar 5th Street is classified as Residential Class V Type - I.

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

The Sub Registrar Office for Dr. Ambedkar Nagar 5th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the stamp duty and registration fees for property in this area?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For example, on a property valued at Rs 16,00,000, the total fees would amount to Rs 1,44,000.