Guideline Value for Old township Road

Old township Road guideline value

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

How the guideline value of Old township Road has changed

The guideline value for Old township Road has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 6,000 per sq.ft. In 2017, it decreased to Rs 4,020 per sq.ft, marking a decline of 33%. However, by 2023, the value increased significantly to Rs 6,000 per sq.ft, and in the latest revision for 2024, it rose to Rs 6,600 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the values from 2012 to 2024, there has been a 10% increase. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

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. The median guideline value for these streets is Rs 3,600 per sq.ft, placing Old township Road's 2024 figure above this median.

• Old post office 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 township Road

For a property measuring 1,000 sq.ft at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is important to note that the 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 township Road?

The Sub Registrar Office covering Old township 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 determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware that these fees are based on the guideline value or the sale price, whichever is higher.

When a property is registered, the guideline value helps ensure that the transaction is documented at a fair and standardized value. This process is important for maintaining transparency in property transactions and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Old township Road?

The current guideline value of Old township 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 in 2012 to Rs 4,020 in 2017, then back to Rs 6,000 in 2023, and finally to Rs 6,600 in 2024.

What is the land classification of Old township Road?

Old township Road is classified as Commercial Class I Type - II, indicating its suitability for commercial activities.

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

The Sub Registrar Office for Old township Road is 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 total fees would be Rs 5,94,000.