Guideline Value for Dr.Ambedkar Telugu Nagar & 1 &2 Street

Dr.Ambedkar Telugu Nagar & 1 &2 Street guideline value

The current guideline value of Dr.Ambedkar Telugu Nagar & 1 &2 Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Dr.Ambedkar Telugu Nagar & 1 &2 Street has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 900 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012. However, it dropped to Rs 1,675 per sq.ft in 2017 before rising to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 200%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for the area is Rs 4,900 per sq.ft, placing Dr.Ambedkar Telugu Nagar & 1 &2 Street below this median.

• Dr.Ambedkar Telugu Nagar 3rd Street: Rs 2,700 per sq.ft (2024)
• Dr.Radhakrishnan Nagar: Rs 4,400 per sq.ft (2024)
• Duraisamy Iyer Street: Rs 4,900 per sq.ft (2024)
• Duraisamy Mudali Street: Rs 4,900 per sq.ft (2024)
• Duraisamy Naicker Street: Rs 4,900 per sq.ft (2024)
• Eda Ramasamy Street: Rs 4,900 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Ambedkar Telugu Nagar & 1 &2 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Ambedkar Telugu Nagar & 1 &2 Street?

The Sub Registrar Office that covers Dr.Ambedkar Telugu Nagar & 1 &2 Street 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 Ayanavaram

The guideline value is a crucial factor in property transactions in Ayanavaram. It serves as a benchmark for determining the minimum value at which properties can be registered. When a property is sold, the guideline value is considered to ensure that the registration is completed at a fair value.

Buyers and sellers should be aware that the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Dr.Ambedkar Telugu Nagar & 1 &2 Street?

The current guideline value of Dr.Ambedkar Telugu Nagar & 1 &2 Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 900 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, marking an overall increase of 200%.

What is the registration office for this area?

The registration office for Dr.Ambedkar Telugu Nagar & 1 &2 Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in this area is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where can I find more information about stamp duty and registration fees?

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