Guideline Value for Dr.AMBETKAR NAGAR

Dr.AMBETKAR NAGAR guideline value

The current guideline value of Dr.AMBETKAR NAGAR is Rs 1,000 per sq.ft, effective from 1 July 2024. This area is located in Kosappur village under the Thiruvottiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Dr.AMBETKAR NAGAR has changed

Looking at the revisions, the guideline value for Dr.AMBETKAR NAGAR has seen significant changes over the years. The 2012 revision set the value at Rs 200 per sq.ft, which increased to Rs 134 per sq.ft in 2017. This was a decrease of 33%. However, from 2017 to 2023, the value surged to Rs 1,000 per sq.ft, marking an increase of 646%. The current rate of Rs 1,000 per sq.ft from the 2024 revision shows no change from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 400%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kosappur

In Kosappur, there are 25 streets under the Thiruvottiyur SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 1,600 per sq.ft. The median value for these streets is Rs 1,002 per sq.ft, indicating that Dr.AMBETKAR NAGAR's 2024 figure is below this median.

• Donbosco Nagar: Rs 1,002 per sq.ft (2024)
• Coramondal Green City: Rs 1,040 per sq.ft (2024)
• Gnanaguru Nagar: Rs 1,002 per sq.ft (2024)
• Jain Nagar: Rs 1,002 per sq.ft (2024)
• Anjela Nagar: Rs 1,002 per sq.ft (2024)
• Angilo Nagar-2: Rs 1,002 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.AMBETKAR NAGAR

For a 1,000 sq.ft plot at the current rate of Rs 1,000 per sq.ft, the 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, totaling 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.AMBETKAR NAGAR?

The Sub Registrar Office that covers Dr.AMBETKAR NAGAR is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Kosappur. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property in the area.

When a property is sold, the buyer must ensure that the sale price meets or exceeds the guideline value. This ensures that the appropriate taxes are calculated based on the higher of the two values, safeguarding the interests of the state and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Dr.AMBETKAR NAGAR?

The current guideline value of Dr.AMBETKAR NAGAR is Rs 1,000 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 200 per sq.ft in 2012 to Rs 1,000 per sq.ft in 2024, representing an overall increase of 400%.

What is the land classification for Dr.AMBETKAR NAGAR?

Dr.AMBETKAR NAGAR is classified as Residential Class I Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Dr.AMBETKAR NAGAR?

For a property valued at Rs 10,00,000, the total stamp duty and registration fees would amount to Rs 90,000, which includes Rs 70,000 for stamp duty and Rs 20,000 for registration fees.

Where can I find the Sub Registrar Office for Dr.AMBETKAR NAGAR?

The Sub Registrar Office for Dr.AMBETKAR NAGAR is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.