Guideline Value for R.S.AMBARI STREET

R.S.Ambari Street guideline value

The current guideline value of R.S.Ambari Street is Rs 5,800 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of R.S.Ambari Street has changed

The guideline value for R.S.Ambari Street has undergone several revisions over the years. In 2002, the value was Rs 795 per sq.ft. It increased to Rs 873 per sq.ft in 2003, marking a 10% rise. The value continued to grow significantly, reaching Rs 1,300 per sq.ft in 2007, which was a substantial increase of 49%. However, the value decreased to Rs 5,300 per sq.ft in 2012, reflecting a decline of 33% from the previous revision.

From 2012, the guideline value rose again to Rs 3,551 per sq.ft in 2017, showing a 49% increase. The most recent revision before the current one was in 2023, where the value was set at Rs 5,300 per sq.ft. The latest revision in 2024 saw a further increase to Rs 5,800 per sq.ft, representing a 9% rise from the previous year. There are no figures available for any other years for this street.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median value for these streets is Rs 5,800 per sq.ft, which is equal to the current guideline value of R.S.Ambari Street.

• R.N.Nambiar Street: Rs 5,800 per sq.ft (2024)
• R.N.Nambiar Lane: Rs 4,600 per sq.ft (2024)
• Rathinasabapathi Street: Rs 4,600 per sq.ft (2024)
• Rathinammal Street, Kodambakkam: Rs 8,200 per sq.ft (2024)
• Rathinammal 2nd Street, Aminjikarai: Rs 7,100 per sq.ft (2024)
• Rathinammal 1st Street, Aminjikarai: Rs 7,100 per sq.ft (2024)

Stamp duty and registration fee for property in R.S.Ambari Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,800 per sq.ft, the total guideline value would be Rs 58,00,000. The stamp duty at 7% would amount to Rs 4,06,000, and the registration fee at 2% would be Rs 1,16,000, bringing the total cost for these fees to Rs 5,22,000. 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 information on calculating these fees.

Which Sub Registrar Office covers R.S.Ambari Street?

The Sub Registrar Office that covers R.S.Ambari Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Puliyur. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers must refer to the guideline value to ensure compliance with the legal requirements during registration.

When a property is sold, the guideline value is compared with the sale price. The higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of R.S.Ambari Street?

The current guideline value of R.S.Ambari Street is Rs 5,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 795 per sq.ft in 2002 to Rs 5,800 per sq.ft in 2024. The most significant increase occurred between 2007 and 2012, where the value rose by 308%.

What is the land classification for R.S.Ambari Street?

R.S.Ambari Street is classified as Residential Class I Type - I, indicating its primary use for residential purposes.

What are the stamp duty and registration fees for property in R.S.Ambari Street?

For a property valued at Rs 58,00,000, the stamp duty would be Rs 4,06,000 and the registration fee would be Rs 1,16,000, totaling Rs 5,22,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for R.S.Ambari Street located?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. This office handles the registration of properties in the area.