Guideline Value for Dr.Ambedkar Street

Dr.Ambedkar Street guideline value

The current guideline value of Dr.Ambedkar Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, and is classified as Residential Class I Type - III.

How the guideline value of Dr.Ambedkar Street has changed

In the 2017 revision, the guideline value for Dr.Ambedkar Street was Rs 402 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 600 per sq.ft. The current revision for 2024 has also set the value at Rs 600 per sq.ft, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Overall, from 2017 to 2024, the guideline value has increased by 49%. The transition from 2017 to 2023 shows a 49% increase as well, while the 2023 to 2024 revision reflects no change, maintaining the value at Rs 600 per sq.ft.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO that have a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft. The median value for these streets is Rs 600 per sq.ft, which is equal to the guideline value of Dr.Ambedkar Street.

• Dharmarajakoil Street: Rs 600 per sq.ft (2024)
• East Street Kanakoilpettai: Rs 600 per sq.ft (2024)
• East Street Mangalam: Rs 600 per sq.ft (2024)
• Cross Street (Vanniar): Rs 700 per sq.ft (2024)
• Cpt Salai: Rs 1,005 per sq.ft (2024)
• Chinnakuttai Street: Rs 400 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 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. 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 Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Thirukalukundrem A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that all transactions are recorded at a fair value.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This value helps maintain transparency in property transactions and ensures compliance with local regulations.

Frequently asked questions

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

The current guideline value of Dr.Ambedkar Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft since 2023, with a significant increase of 49% from Rs 402 per sq.ft in 2017. There are no figures for the years 2002, 2003, 2007, and 2012.

What is the land classification for Dr.Ambedkar Street?

Dr.Ambedkar Street is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the stamp duty rates for properties in Dr.Ambedkar Street?

The stamp duty for properties in Dr.Ambedkar Street is charged at 7% of the guideline value or the sale price, whichever is higher. The registration fee is charged at 2% of the guideline value.

Which Sub Registrar Office should I approach for property registration?

The Thirukazhukundram Sub Registrar Office covers Dr.Ambedkar Street. It is located at Thiruchengode - 637 211, Chengalpattu registration zone.