Guideline Value for DR. AMBEDKAR SALAI, CH-24

Dr. Ambedkar Salai, Ch-24 guideline value

The current guideline value of Dr. Ambedkar Salai, Ch-24 is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Commercial Special Type - I.

How the guideline value of Dr. Ambedkar Salai, Ch-24 has changed

The guideline value for Dr. Ambedkar Salai, Ch-24 has undergone several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 3,925 per sq.ft. This increased significantly to Rs 10,000 per sq.ft in 2012, marking a change of +155%. The value remained unchanged at Rs 10,000 per sq.ft in 2023, before rising to the current value of Rs 11,000 per sq.ft in 2024, which is a +10% increase.

There are no figures available for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by +180%.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, placing Dr. Ambedkar Salai, Ch-24's guideline value above this median.

• Dr. Ambedkar Street, Ch-94: Rs 6,300 per sq.ft (2024)
• Dr. Gopala Menon Road: Rs 7,100 per sq.ft (2024)
• Dr. Radhakrishnan Nagar: Rs 5,000 per sq.ft (2024)
• Dr. Radhakrishnan Nagar 1st Street: Rs 5,000 per sq.ft (2024)
• Dr. Radhakrishnan Nagar 2 Nd Street: Rs 5,000 per sq.ft (2024)
• Dr. Radhakrishnan Nagar 3 Rd Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Ambedkar Salai, Ch-24

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,10,00,000. The stamp duty at 7% amounts to Rs 7,70,000, and the registration fee at 2% is Rs 2,20,000, totaling Rs 9,90,000. It is important to 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 Dr. Ambedkar Salai, Ch-24?

The Sub Registrar Office that covers Dr. Ambedkar Salai, Ch-24 is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. To find your SRO, you can visit find your SRO.

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

The guideline value is a key factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Puliyur, it is essential to consider the guideline value, as it influences the stamp duty and registration fees payable during the transaction.

During registration, the guideline value serves as a benchmark for assessing the value of the property, ensuring that the transaction is recorded accurately in the official records. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Salai, Ch-24?

The current guideline value of Dr. Ambedkar Salai, Ch-24 is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes from Rs 3,925 per sq.ft in 2007 to Rs 11,000 per sq.ft in 2024, which is an overall increase of +180%.

What is the land classification for Dr. Ambedkar Salai, Ch-24?

Dr. Ambedkar Salai, Ch-24 is classified as Commercial Special Type - I.

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

For a property valued at Rs 1,10,00,000, the stamp duty would be Rs 7,70,000 and the registration fee would be Rs 2,20,000, totaling Rs 9,90,000.

Which office handles the registration for Dr. Ambedkar Salai, Ch-24?

The Kodambakkam Sub Registrar Office handles the registration for Dr. Ambedkar Salai, Ch-24, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.