Guideline Value for Dr. Ambedkar Street

Dr. Ambedkar Street guideline value

The current guideline value of Dr. Ambedkar Street is Rs 100 per sq.ft, effective from 1 July 2024. This street is located in Karasangal village under the Sriperumpudur SRO and is classified as Residential Class IV Type - I.

How the guideline value of Dr. Ambedkar Street has changed

The guideline value for Dr. Ambedkar Street has seen several revisions over the years. The 2012 revision set the value at Rs 100 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 67 per sq.ft. The value then increased significantly by 49% to Rs 100 per sq.ft in the 2023 revision. The 2024 revision maintained this value at Rs 100 per sq.ft, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value from 2012 to 2024 has remained constant at Rs 100 per sq.ft.

Guideline values in Karasangal

In Karasangal, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 100 to Rs 3,550 per sq.ft, with a median value of Rs 402 per sq.ft. Dr. Ambedkar Street's 2024 guideline value is below this median.

• Dr. Ramdoss Street: Rs 250 per sq.ft (2024)
• Devaraj Kulakarai Street: Rs 250 per sq.ft (2024)
• Elumalai Nayagar Street: Rs 250 per sq.ft (2024)
• City Lando Avenue: Rs 800 per sq.ft (2024)
• Brindhavan Garden: Rs 1,875 per sq.ft (2024)
• Bhasyam Ayyankar Street: Rs 250 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 100 per sq.ft, the guideline value would be Rs 1,00,000. The stamp duty at 7% would be Rs 7,000, and the registration fee at 2% would be Rs 2,000, totaling Rs 9,000. Please 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. Ambedkar Street?

The Sub Registrar Office that covers Dr. Ambedkar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Karasangal. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value is the baseline for calculating the costs involved. It is essential to verify the guideline value for the specific street to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Dr. Ambedkar Street is Rs 100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 100 per sq.ft since 2012, with a decrease to Rs 67 per sq.ft in 2017 and then increasing back to Rs 100 per sq.ft in 2023 and 2024.

What is the land classification of Dr. Ambedkar Street?

Dr. Ambedkar Street is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Dr. Ambedkar Street?

The Sub Registrar Office for Dr. Ambedkar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Dr. Ambedkar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 100 per sq.ft would incur a stamp duty of Rs 7,000.