Guideline Value for Dr.ambetkar Street

Dr.ambetkar Street guideline value

The current guideline value of Dr.ambetkar Street is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Thiruvallur village and falls under the Tiruvallur Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Dr.ambetkar Street has changed

In the 2007 revision, the guideline value was Rs 200 per sq.ft. This increased significantly to Rs 700 per sq.ft in the 2012 revision, marking a 250% rise. However, the value decreased to Rs 469 per sq.ft in the 2017 revision, which was a 33% drop. The value then rose to Rs 700 per sq.ft in the 2023 revision, a 49% increase, and finally, it reached Rs 770 per sq.ft in the 2024 revision, a 10% increase. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 285%. This shows the fluctuations in the guideline value over the years, reflecting various changes in the property market.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value of Dr.ambetkar Street is below this median.

• Dr.M.Varadharasanar Cross St: Rs 1,100 per sq.ft (2024)
• Dr.M.Varadharasanar St: Rs 1,100 per sq.ft (2024)
• Dr. Radhaakrishanan Street: Rs 1,100 per sq.ft (2024)
• East tank Street: Rs 2,750 per sq.ft (2024)
• Dharmalingam Street: Rs 1,100 per sq.ft (2024)
• Edappalayam Thalakancheri road: Rs 1,650 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total to Rs 69,300. 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.ambetkar Street?

The Sub Registrar Office that covers Dr.ambetkar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor used during property registration in Thiruvallur. It serves as the basis for calculating stamp duty and registration fees, which are mandatory costs associated with property transactions.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value as determined by the government. This helps in maintaining transparency in property dealings and ensures that the appropriate taxes are collected.

Frequently asked questions

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

The current guideline value of Dr.ambetkar Street is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 770 per sq.ft in 2024, reflecting an overall increase of 285% over the years.

What is the land classification for Dr.ambetkar Street?

The land classification for Dr.ambetkar Street is Residential Class II Type - I.

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

The Sub Registrar Office for Dr.ambetkar Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How is the stamp duty calculated for properties in Dr.ambetkar Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total stamp duty and registration fee of Rs 69,300.