Guideline Value for Dr. Ambethkar Street

Dr. Ambethkar Street guideline value

The current guideline value of Dr. Ambethkar Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village, which falls under the Konnur SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Dr. Ambethkar Street has changed

The guideline value for Dr. Ambethkar Street has seen several revisions over the years. The earliest recorded revision was in 2017, where the guideline value was set at Rs 670 per sq.ft. This figure was updated in 2023 to Rs 1,000 per sq.ft, marking a significant increase of 49%. The most recent revision in 2024 raised the guideline value further to Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no recorded figures for Dr. Ambethkar Street for the years 2002, 2003, 2007, and 2012.

Guideline values in 5. Athipattu

In 5. Athipattu village, there are 119 streets under the Konnur SRO that have a guideline value for 2024, ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which means that Dr. Ambethkar Street's current figure is below the median.

• Ebinesa Avenue: Rs 4,400 per sq.ft (2024)
• Eden Villas: Rs 3,600 per sq.ft (2024)
• Elango Street: Rs 2,200 per sq.ft (2024)
• Chetty 2nd Street: Rs 1,100 per sq.ft (2024)
• Gandhi Street (Chelliamman Nagar): Rs 2,200 per sq.ft (2024)
• Gangai Street(ICF): Rs 2,400 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 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, calculated at 7%, would be Rs 77,000, while the registration fee at 2% would be Rs 22,000. This brings the total cost for stamp duty and registration to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Ambethkar Street?

The Sub Registrar Office that covers Dr. Ambethkar Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For further assistance, you can find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

When buying or selling property in 5. Athipattu, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is used as a benchmark to assess the value of the property, ensuring that the appropriate fees are calculated based on this value.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the transaction. The guideline value serves to regulate property transactions and ensure compliance with local regulations.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 670 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the median guideline value in 5. Athipattu?

The median guideline value in 5. Athipattu is Rs 2,200 per sq.ft, which is higher than the current value of Dr. Ambethkar Street.

What are the stamp duty rates applicable in Dr. Ambethkar Street?

The stamp duty rate applicable for property transactions in Dr. Ambethkar Street is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Dr. Ambethkar Street is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.