Guideline Value for Old post office Road

Old post office Road guideline value

The current guideline value of Old post office Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Ambattur village, under the Ambattur SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Old post office Road has changed

The guideline value for Old post office Road has undergone several revisions over the years. In 2012, the guideline value was Rs 6,000 per sq.ft, which decreased to Rs 4,020 per sq.ft in 2017. Following this, the value increased significantly to Rs 6,000 per sq.ft in 2023, and then rose again to Rs 6,600 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it saw a rise of 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value for these streets is Rs 3,600 per sq.ft, making the current value of Old post office Road above that median.

• Old township Road: Rs 6,600 per sq.ft (2024)
• Old E.S.I Street: Rs 5,100 per sq.ft (2024)
• Old Baroda Bank Street (Bank of Baroda Street): Rs 6,600 per sq.ft (2024)
• Oragadam Cross Road: Rs 5,100 per sq.ft (2024)
• Oragadam Road: Rs 6,600 per sq.ft (2024)
• O.V .Alagesan Nagar: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Old post office Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total cost for these fees Rs 5,94,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Old post office Road?

The Sub Registrar Office that covers Old post office Road is 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 in the registration process when buying or selling property in Ambattur. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Old post office Road?

The current guideline value of Old post office Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then back to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the land classification of Old post office Road?

Old post office Road is classified as Commercial Class I Type - II.

Where can I find the Sub Registrar Office for Old post office Road?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000, and the registration fee would be Rs 1,32,000.