Guideline Value for DR.AMBEDKAR NAGAR "KANNADHASAN STREET"

Dr.Ambedkar Nagar "kannadhasan Street" guideline value

The current guideline value of Dr.Ambedkar Nagar "kannadhasan Street" is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Padi village, under the Villivakkam SRO, and falls under the Residential Class V Type - I land classification.

How the guideline value of Dr.Ambedkar Nagar "kannadhasan Street" has changed

Over the years, the guideline value for Dr.Ambedkar Nagar "kannadhasan Street" has seen significant changes. The earliest recorded revision was in 2007, where the value was Rs 530 per sq.ft. This increased dramatically to Rs 2,300 per sq.ft in 2012, marking a rise of 334%. However, from 2012 to 2017, the value decreased to Rs 1,541 per sq.ft, a drop of 33%. The value then rose again to Rs 2,300 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 2,500 per sq.ft, which is a 9% increase from the previous year.

For the years 2002 and 2003, the register has no figure for this street. Overall, from 2007 to 2024, the guideline value has increased by 372%, highlighting the fluctuations in property values over the years.

Guideline values in Padi

Padi village has a total of 354 streets under the Villivakkam SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 3,800 per sq.ft, indicating that the 2024 figure for Dr.Ambedkar Nagar "kannadhasan Street" is below this median.

• Dr.Ambedkar Nagar "kambar Street": Rs 2,500 per sq.ft (2024)
• Dr.Ambedkar Nagar "koil Street": Rs 2,500 per sq.ft (2024)
• Dr.Ambedkar Nagar "nethaji Street": Rs 2,500 per sq.ft (2024)
• Dr.Ambedkar Nagar "bharathi Street": Rs 2,500 per sq.ft (2024)
• Dr.Ambedkar Nagar "anbu Street": Rs 2,500 per sq.ft (2024)
• Dr.Ambedkar Nagar "valluvar Street": Rs 2,500 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value would be Rs 25,00,000. The stamp duty at 7% would amount to Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total to Rs 2,25,000. It is important to 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 "kannadhasan Street"?

The Sub Registrar Office that covers Dr.Ambedkar Nagar "kannadhasan Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Padi. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory for all property transactions. Buyers should be aware that these fees are calculated on the higher of the guideline value or the actual sale price of the property.

Understanding the guideline value is essential for both buyers and sellers, as it ensures compliance with legal requirements during the property registration process. It also helps in determining the financial obligations associated with the purchase or sale of property in the area.

Frequently asked questions

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

The current guideline value of Dr.Ambedkar Nagar "kannadhasan Street" is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 530 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, reflecting an overall increase of 372% over the years.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 2,25,000.

Which office handles the registration for this street?

The Villivakkam Sub Registrar Office handles the registration for Dr.Ambedkar Nagar "kannadhasan Street", located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Dr.Ambedkar Nagar "kannadhasan Street"?

This street falls under the Residential Class V Type - I land classification, which is relevant for property transactions in the area.