Guideline Value for DR.AMBEDKAR STREET

Dr.Ambedkar Street guideline value

The current guideline value of Dr.Ambedkar Street is Rs 1,000 per sq.ft, as per the 2023 revision. This street is located in Kelambakkam village under the Thiruporur SRO, and it falls under the Residential Class II Type - I land classification.

How the guideline value of Dr.Ambedkar Street has changed

To understand how the guideline value of Dr.Ambedkar Street has evolved, we can look at the various revisions over the years. The earliest recorded revision is from 2007, where the guideline value was Rs 300 per sq.ft. This value saw a significant increase in the 2012 revision, where it rose to Rs 1,000 per sq.ft, marking a substantial growth of 233%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The most recent revision in 2023 saw the guideline value return to Rs 1,000 per sq.ft, representing an increase of 49% from the previous revision.

Overall, from 2007 to 2023, the guideline value has increased by 233%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for Dr.Ambedkar Street.

Guideline values in Kelambakkam

Currently, the guideline value for Dr.Ambedkar Street is set at Rs 1,000 per sq.ft. Unfortunately, there are no specific village figures available for Kelambakkam. As for other streets in Kelambakkam, there are no details provided.

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

For a property measuring 1,000 sq.ft at the current guideline value of Rs 1,000 per sq.ft, the total guideline value amounts to Rs 10,00,000. The stamp duty at 7% would be Rs 70,000, and the registration fee at 2% would be Rs 20,000, bringing the total fees to Rs 90,000. 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 Street?

The Sub Registrar Office that covers Dr.Ambedkar Street is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find more information about your SRO by visiting find your SRO.

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

The guideline value plays a crucial role when buying or selling property in Kelambakkam, including Dr.Ambedkar Street. It serves as a benchmark for determining the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When registering a property, buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the current market conditions as indicated by the guideline values.

Frequently asked questions

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

The current guideline value of Dr.Ambedkar Street is Rs 1,000 per sq.ft, based on the 2023 revision.

How has the guideline value changed over the years?

Since its first recorded value in 2007 at Rs 300 per sq.ft, the guideline value has seen various changes, including a peak of Rs 1,000 per sq.ft in 2012, a drop to Rs 670 per sq.ft in 2017, and a return to Rs 1,000 per sq.ft in 2023.

What are the stamp duty and registration fees for properties on Dr.Ambedkar Street?

For a property measuring 1,000 sq.ft at the current guideline value, the total stamp duty is Rs 70,000 and the registration fee is Rs 20,000, making the total fees Rs 90,000.

Which office handles registrations for Dr.Ambedkar Street?

The Thiruporur Sub Registrar Office handles registrations for Dr.Ambedkar Street, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Is there a guideline value for 2024 for Dr.Ambedkar Street?

No, the guideline value register does not have a figure for Dr.Ambedkar Street for the year 2024.