Guideline Value for DR. AMBEDKAR NAGAR

Dr. Ambedkar Nagar guideline value

The current guideline value of Dr. Ambedkar Nagar is Rs 462 per sq.ft, effective from 1 July 2024. This street is located in Athipattu village under the Thiruvottiyur SRO and is classified as Residential Special Type - I.

How the guideline value of Dr. Ambedkar Nagar has changed

The guideline value for Dr. Ambedkar Nagar has seen significant changes over the years. The 2017 revision recorded a value of Rs 281 per sq.ft, which increased to Rs 420 per sq.ft in the 2023 revision, representing a 49% increase. The most recent 2024 revision has set the guideline value at Rs 462 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has risen by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Athipattu

In Athipattu, there are 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft, with a median value of Rs 330 per sq.ft. The guideline value for Dr. Ambedkar Nagar is above this median.

• Dr. Vinobaji Nagar: Rs 330 per sq.ft (2024)
• Enfield Nagar: Rs 330 per sq.ft (2024)
• E.V.K. Sampath Nagar: Rs 330 per sq.ft (2024)
• Ganapathy Nagar: Rs 330 per sq.ft (2024)
• Gandhi Nagar: Rs 330 per sq.ft (2024)
• Chelliamman Nagar: Rs 330 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 462 per sq.ft, the guideline value amounts to Rs 4,62,000. The stamp duty at 7% would be Rs 32,340, and the registration fee at 2% would be Rs 9,240, bringing the total to Rs 41,580. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Dr. Ambedkar Nagar?

The Sub Registrar Office that covers Dr. Ambedkar Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Athipattu. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the transaction is recorded at a fair value. This helps in maintaining transparency in property transactions and ensures that the appropriate taxes are collected by the government.

Frequently asked questions

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

The current guideline value of Dr. Ambedkar Nagar is Rs 462 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased by 64%, rising from Rs 281 per sq.ft to Rs 462 per sq.ft in 2024.

What is the land classification for Dr. Ambedkar Nagar?

Dr. Ambedkar Nagar is classified as Residential Special Type - I, indicating its designation for residential purposes.

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

How is the stamp duty calculated for properties in Dr. Ambedkar Nagar?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 462 per sq.ft incurs a stamp duty of Rs 32,340.