Guideline Value for Dr Ambethkar Nagar

Dr Ambethkar Nagar guideline value

The current guideline value of Dr Ambethkar Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under the 2nd Division village of Kanchipuram Joint IV SRO and is classified as Residential Class III Type - I.

How the guideline value of Dr Ambethkar Nagar has changed

The guideline value for Dr Ambethkar Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 800 per sq.ft, which was later reduced to Rs 536 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 800 per sq.ft in the 2023 revision, and it has now risen to Rs 880 per sq.ft in the 2024 revision, reflecting a 10% increase from the previous year.

From 2017 to 2023, the increase was 49%, while the change from 2012 to 2017 was a decrease of 33%. Overall, from the 2012 revision to the current 2024 figure, there has been a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in 2nd Division

In the 2nd Division under the Kanchipuram Joint IV SRO, there are 101 streets with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value of Dr Ambethkar Nagar is below this median.

• Desichettypalayam Street: Rs 1,100 per sq.ft (2024)
• Ennaikara Street: Rs 2,200 per sq.ft (2024)
• Darga Santhu: Rs 5,500 per sq.ft (2024)
• Daivasigamani Street: Rs 3,850 per sq.ft (2024)
• Chairman A.K.Thangavel Street: Rs 880 per sq.ft (2024)
• Bus Stand: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Dr Ambethkar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr Ambethkar Nagar?

The Sub Registrar Office that covers Dr Ambethkar Nagar is the Kanchipuram Joint IV Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value is a critical factor during the registration of property in Dr Ambethkar Nagar. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as per the local government standards. This helps in maintaining transparency and consistency in property transactions within the 2nd Division.

Frequently asked questions

What is the current guideline value of Dr Ambethkar Nagar?

The current guideline value of Dr Ambethkar Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2012 to Rs 536 per sq.ft in 2017, then to Rs 800 per sq.ft in 2023, and currently stands at Rs 880 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Dr Ambethkar Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 8,80,000. The stamp duty is Rs 61,600, and the registration fee is Rs 17,600, totaling Rs 79,200.

Which Sub Registrar Office covers Dr Ambethkar Nagar?

The Kanchipuram Joint IV Sub Registrar Office covers Dr Ambethkar Nagar, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

What is the land classification for Dr Ambethkar Nagar?

Dr Ambethkar Nagar is classified as Residential Class III Type - I, indicating its designation for residential use within the Kanchipuram Joint IV SRO.