Guideline Value for Dr Ambethkar Street

Dr Ambethkar Street guideline value

The current guideline value of Dr Ambethkar Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village and falls under the Alandur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Dr Ambethkar Street has changed

The guideline value for Dr Ambethkar Street has seen significant changes over the years. In 2002, the value was Rs 335 per sq.ft, which increased to Rs 381 per sq.ft in 2003. The value continued to rise, reaching Rs 1,200 per sq.ft in 2007, and then saw a substantial increase to Rs 4,000 per sq.ft in 2012. However, it dropped to Rs 2,680 per sq.ft in 2017 before climbing again to Rs 4,000 per sq.ft in 2023, and finally reaching Rs 4,400 per sq.ft in 2024. The changes between revisions include a +10% increase from 2023 to 2024, a +49% increase from 2017 to 2023, and a -33% decrease from 2012 to 2017.

There are no figures available for the years not mentioned in the revisions. The overall increase from 2002 to 2024 is +1213%, reflecting the changes in the guideline value over time.

Guideline values in Nanganallur

Nanganallur has a total of 155 streets under the Alandur SRO, with guideline values ranging from Rs 2,800 to Rs 6,600 per sq.ft as of 2024. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Dr Ambethkar Street's 2024 value above this median.

• Elangovadigal Street: Rs 3,300 per sq.ft (2024)
• First Main Road Part: Rs 4,400 per sq.ft (2024)
• Collage Road Main: Rs 5,500 per sq.ft (2024)
• Ganapathi Street: Rs 2,800 per sq.ft (2024)
• Church Street: Rs 4,400 per sq.ft (2024)
• Gandhi Road Lane: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Dr Ambethkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 Ambethkar Street?

The Sub Registrar Office that covers Dr Ambethkar Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nanganallur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Dr Ambethkar Street?

The current guideline value of Dr Ambethkar Street is Rs 4,400 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 335 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +1213% over this period.

What is the median guideline value for streets in Nanganallur?

The median guideline value for streets in Nanganallur is Rs 3,900 per sq.ft, with Dr Ambethkar Street's value being above this median.

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

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Dr Ambethkar Street?

The Alandur Sub Registrar Office covers Dr Ambethkar Street, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.