Guideline Value for Kamarajapuram Ambedkar Street

Kamarajapuram Ambedkar Street guideline value

The current guideline value of Kamarajapuram Ambedkar Street is Rs 1,800 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - III.

How the guideline value of Kamarajapuram Ambedkar Street has changed

Over the years, the guideline value for Kamarajapuram Ambedkar Street has seen several revisions. The 2012 revision set the value at Rs 1,700 per sq.ft, which was then reduced to Rs 1,139 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,700 per sq.ft in 2023, and further rose to Rs 1,800 per sq.ft in the 2024 revision, reflecting a 6% increase from the previous year.

From the 2017 revision to 2023, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 6%. The register has no figures for Kamarajapuram Ambedkar Street for the years 2002, 2003, and 2007.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value of Kamarajapuram Ambedkar Street is below this median.

• Kamarajapuram Annadurai Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Anna Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Bajanai Koil Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Bharathi Street: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Doby Colony: Rs 1,800 per sq.ft (2024)
• Kamarajapuram Dunlop Quarters: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Kamarajapuram Ambedkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,800 per sq.ft, the total guideline value amounts to Rs 18,00,000. The stamp duty at 7% would be Rs 1,26,000, and the registration fee at 2% would be Rs 36,000, bringing the total to Rs 1,62,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Kamarajapuram Ambedkar Street?

The Kamarajapuram Ambedkar Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ambattur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for the transaction. The stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher, thus protecting the interests of both the buyer and the government.

Frequently asked questions

What is the current guideline value of Kamarajapuram Ambedkar Street?

The current guideline value of Kamarajapuram Ambedkar Street is Rs 1,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,700 per sq.ft in 2023 to Rs 1,800 per sq.ft in 2024, representing a 6% increase. It was Rs 1,139 per sq.ft in 2017 and Rs 1,700 per sq.ft in 2012.

What is the land classification for Kamarajapuram Ambedkar Street?

Kamarajapuram Ambedkar Street is classified as Residential Class IV Type - III.

Where can I find the Ambattur Sub Registrar Office?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Kamarajapuram Ambedkar Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 18,00,000, the stamp duty would be Rs 1,26,000.