Guideline Value for Dr.Ambedkar Telugu Nagar 3rd Street

Dr.Ambedkar Telugu Nagar 3rd Street guideline value

The current guideline value of Dr.Ambedkar Telugu Nagar 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village, 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 3rd Street has changed

Since the 2012 revision, the guideline value for Dr.Ambedkar Telugu Nagar 3rd Street has seen several changes. In 2012, the value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then further to Rs 2,700 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 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 these streets is Rs 4,900 per sq.ft, placing Dr.Ambedkar Telugu Nagar 3rd Street's 2024 figure below that median.

• Dr.Ambedkar Telugu Nagar & 1 &2 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 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 2,700 per sq.ft, the 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, totaling Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.Ambedkar Telugu Nagar 3rd Street?

The Sub Registrar Office that covers Dr.Ambedkar Telugu Nagar 3rd Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the 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 during the registration of property transactions in Ayanavaram. It serves as the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in determining the legal value of the property for registration purposes. It is important to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dr.Ambedkar Telugu Nagar 3rd Street?

The current guideline value of Dr.Ambedkar Telugu Nagar 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for Dr.Ambedkar Telugu Nagar 3rd Street?

The land classification for Dr.Ambedkar Telugu Nagar 3rd Street is Residential Class III Type - I.

What are the stamp duty and registration fees for property in Dr.Ambedkar Telugu Nagar 3rd Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers Dr.Ambedkar Telugu Nagar 3rd Street?

The AnnaNagar Sub Registrar Office covers Dr.Ambedkar Telugu Nagar 3rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.