Guideline Value for Dr.Ambethkar Street

Dr.Ambethkar Street guideline value

The current guideline value of Dr.Ambethkar Street is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Thandalam village, under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Dr.Ambethkar Street has changed

In the 2017 revision, the guideline value was Rs 536 per sq.ft. This figure increased significantly to Rs 800 per sq.ft in the 2023 revision, marking a change of 49%. The latest revision in 2024 has set the guideline value at Rs 880 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, 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 Dr.Ambethkar Street.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft, with a median value of Rs 1,210 per sq.ft. Dr.Ambethkar Street's 2024 figure is below this median.

• Chandra Avenue: Rs 1,650 per sq.ft (2024)
• Gnanaprakasam Nagar: Rs 2,465 per sq.ft (2024)
• Bharathi Street: Rs 880 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,210 per sq.ft (2024)
• Anugraha Avenue Extn: Rs 1,210 per sq.ft (2024)
• Anugraha Avenue: Rs 1,210 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value is Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.Ambethkar Street?

The Sub Registrar Office that covers Dr.Ambethkar Street 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thandalam. It determines the stamp duty and registration fees that must be paid, ensuring that the transaction is recorded at a value recognized by the government.

When a property is sold, the guideline value serves as a benchmark for the transaction. Buyers and sellers must be aware of this value, as it can influence the overall cost of the transaction, including additional fees that may apply.

Frequently asked questions

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

The current guideline value of Dr.Ambethkar Street is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 536 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 880 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of Dr.Ambethkar Street?

Dr.Ambethkar Street is classified as Residential Class III Type - I. This classification indicates the type of development and usage permitted in the area.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 8,80,000, the stamp duty would be Rs 61,600 and the registration fee would be Rs 17,600, totaling Rs 79,200. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Dr.Ambethkar Street?

The Sub Registrar Office for Dr.Ambethkar Street is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075. You can find more information about the office through the provided link.