Guideline Value for DR. AMBEDKAR STREET, CH-94

Dr. Ambedkar Street, Ch-94 guideline value

The current guideline value of Dr. Ambedkar Street, Ch-94 is Rs 6,300 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village under the Kodambakkam SRO, classified as Residential Special Type - III.

How the guideline value of Dr. Ambedkar Street, Ch-94 has changed

The guideline value for Dr. Ambedkar Street has seen significant changes over the years. In 2007, the value was Rs 1,650 per sq.ft, which increased to Rs 5,800 per sq.ft in 2012, marking a substantial rise of 252%. However, it then decreased to Rs 3,886 per sq.ft in 2017, a drop of 33%. The latest revision in 2024 shows a guideline value of Rs 6,300 per sq.ft, reflecting an increase of 62% from the 2017 figure.

It is important to note that there are no figures available for the years 2023, 2003, and 2002 for this street. Overall, from 2007 to 2024, the guideline value has increased by 282%.

Guideline values in Puliyur

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

• Dr. Ambedkar Salai, Ch-24: Rs 11,000 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 Street, Ch-94

For a 1,000 sq.ft plot at the current guideline value of Rs 6,300 per sq.ft, the total guideline value amounts to Rs 63,00,000. The stamp duty at 7% would be Rs 4,41,000, and the registration fee at 2% would be Rs 1,26,000, bringing the total fees to Rs 5,67,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dr. Ambedkar Street, Ch-94?

Dr. Ambedkar Street, Ch-94 falls under the Kodambakkam Sub Registrar Office located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Puliyur. It is the benchmark used to determine the stamp duty and registration fees applicable during the sale or purchase of property.

When a property is registered, the guideline value is considered to ensure that the transaction reflects the government-approved value, which helps in maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Street, Ch-94?

The current guideline value of Dr. Ambedkar Street, Ch-94 is Rs 6,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,650 per sq.ft in 2007 to Rs 6,300 per sq.ft in 2024, showing an overall increase of 282% over the years.

What is the land classification of Dr. Ambedkar Street, Ch-94?

Dr. Ambedkar Street, Ch-94 is classified as Residential Special Type - III.

Which Sub Registrar Office covers this street?

The Kodambakkam Sub Registrar Office covers Dr. Ambedkar Street, Ch-94, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 63,00,000, the stamp duty at 7% would be Rs 4,41,000.