Guideline Value for Dr.Ambethkar Nagar

Dr.Ambethkar Nagar guideline value

The current guideline value of Dr.Ambethkar Nagar, located in Kerugambakkam village under the Pammal SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - II.

How the guideline value of Dr.Ambethkar Nagar has changed

The guideline value for Dr.Ambethkar Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Dr.Ambethkar Nagar's 2024 figure below that median.

• Dr.Ambethkar Street (ward 2): Rs 1,650 per sq.ft (2024)
• Dr.Ambethkar Street (ward 9): Rs 1,650 per sq.ft (2024)
• Dr.CHOWDAPPA NAGAR PHASE - II: Rs 2,860 per sq.ft (2024)
• Easwari Nagar: Rs 1,980 per sq.ft (2024)
• Crystal Garden: Rs 2,750 per sq.ft (2024)
• Eswaran Koil Street: Rs 1,980 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total charges to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dr.Ambethkar Nagar?

The Sub Registrar Office that covers Dr.Ambethkar Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Kerugambakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value ensures that the transaction is recorded at a value that reflects the current market conditions, thereby ensuring compliance with local regulations. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, whichever is applicable.

Frequently asked questions

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

The current guideline value of Dr.Ambethkar Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,005 per sq.ft in 2017 to Rs 1,650 per sq.ft in 2024, representing an overall increase of 64%.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 1,650 per sq.ft would incur total charges of Rs 1,48,500.

Which office handles registrations for Dr.Ambethkar Nagar?

The Pammal Sub Registrar Office is responsible for handling registrations for properties in Dr.Ambethkar Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees for property transactions. It ensures that properties are registered at a value that reflects current market conditions and compliance with local regulations.