Guideline Value for P.T.M.S.STREET, AMBEDKAR NAGAR

P.T.M.S.Street, Ambedkar Nagar guideline value

The current guideline value of P.T.M.S.Street, Ambedkar Nagar is Rs 988 per sq.ft, effective from 1 July 2024. This street is located in Thandurai village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of P.T.M.S.Street, Ambedkar Nagar has changed

Over the years, the guideline value of P.T.M.S.Street has seen several revisions. The earliest available figure is from 2012, which was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 900 per sq.ft again, and in the 2024 revision, it rose to Rs 988 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, there was a significant increase of 49% in the guideline value. Overall, from 2012 to 2024, the value has increased by 10%. The revisions for the years 2002, 2003, and 2007 have no figures available for this street in the register.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, which is equal to the current guideline value of P.T.M.S.Street.

• Profeser Street: Rs 988 per sq.ft (2024)
• Pushparaj Naidu Street, Railway Line Northern Side: Rs 801 per sq.ft (2024)
• Radhakrishnan Street, Charles Nagar: Rs 988 per sq.ft (2024)
• Railway Line Southern Side Streets: Rs 988 per sq.ft (2024)
• Railway Line Streets (South): Rs 988 per sq.ft (2024)
• Rajagopal Street, (M.T.H.Road Southern Side): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in P.T.M.S.Street, Ambedkar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value amounts to Rs 9,88,000. The stamp duty at 7% would be Rs 69,160, and the registration fee at 2% would be Rs 19,760, bringing the total cost for duty and fees to Rs 88,920. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers P.T.M.S.Street, Ambedkar Nagar?

The Sub Registrar Office that covers P.T.M.S.Street, Ambedkar Nagar is the Avadi Sub Registrar Office. The address is Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property transactions in Thandurai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of P.T.M.S.Street, Ambedkar Nagar?

The current guideline value of P.T.M.S.Street, Ambedkar Nagar is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 900 to Rs 603 in 2017, then back to Rs 900 in 2023, and finally to Rs 988 in 2024. This reflects a significant increase of 49% from 2017 to 2023 and a 10% increase from 2023 to 2024.

What is the land classification for P.T.M.S.Street?

P.T.M.S.Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for P.T.M.S.Street?

The registration office for P.T.M.S.Street, Ambedkar Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Thandurai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 9,88,000 would incur a stamp duty of Rs 69,160 at 7%.