Guideline Value for Dr.Ambedkar Nagar

Dr.Ambedkar Nagar guideline value

The current guideline value of Dr.Ambedkar Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024. This area is located in Koyakbedu village under the AnnaNagar SRO and is classified as Residential Class I Type - III.

How the guideline value of Dr.Ambedkar Nagar has changed

Over the years, the guideline value of Dr.Ambedkar Nagar has seen several revisions. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, an increase from Rs 3,000 per sq.ft in 2023, marking a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 2,010 per sq.ft, which reflects a significant increase of +49% from the 2023 figure. The 2012 revision also had a value of Rs 3,000 per sq.ft, indicating a decrease of -33% from the 2017 figure. The 2007 revision set the value at Rs 1,100 per sq.ft, showing a substantial increase of +173% when compared to the 2012 figure.

It is important to note that the register has no figure for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by +200%.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing Dr.Ambedkar Nagar's 2024 figure below that median.

• Durai Sampath Road: Rs 3,300 per sq.ft (2024)
• East Mada Street: Rs 3,300 per sq.ft (2024)
• Elangovadikal Street: Rs 3,300 per sq.ft (2024)
• Engineer Sampath Garden: Rs 3,300 per sq.ft (2024)
• E.V.R. Periyar Street: Rs 3,300 per sq.ft (2024)
• Chinmaya Nagar Stage II Extension, 3rd Street: Rs 4,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.Ambedkar Nagar?

The Sub Registrar Office that covers Dr.Ambedkar Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Koyakbedu, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for all property transactions.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding any potential disputes or legal issues related to property transactions.

Frequently asked questions

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

The current guideline value of Dr.Ambedkar Nagar is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of +200% over the years.

What is the land classification of Dr.Ambedkar Nagar?

Dr.Ambedkar Nagar is classified as Residential Class I Type - III.

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

The Sub Registrar Office for Dr.Ambedkar Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for property in Dr.Ambedkar Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 3,300 per sq.ft would incur a stamp duty of Rs 2,31,000.