Guideline Value for SREE AMBAL NAGAR

Sree Ambal Nagar guideline value

The current guideline value of Sree Ambal Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Perumattu Nellore village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - II.

How the guideline value of Sree Ambal Nagar has changed

Over the years, the guideline value of Sree Ambal Nagar has undergone several revisions. The earliest recorded figure was Rs 700 per sq.ft in 2012, which remained unchanged in the 2023 revision. The 2017 revision saw a decrease to Rs 469 per sq.ft, marking a -33% change from the previous figure. In the subsequent 2023 revision, the value increased by 49% to Rs 700 per sq.ft, which was maintained in the 2024 revision, showing no change from the previous year.

It is important to note that the register has no figure for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 700 per sq.ft.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median value for these streets is Rs 700 per sq.ft, making Sree Ambal Nagar's 2024 figure equal to this median.

• Sree Karumariamman Nagar Extension: Rs 700 per sq.ft (2024)
• Siva Mangala Nagar: Rs 700 per sq.ft (2024)
• Shriram Shankari: Rs 700 per sq.ft (2024)
• Shree Kanniga Parameswari Nagar: Rs 500 per sq.ft (2024)
• Shanthi Nagar: Rs 700 per sq.ft (2024)
• Sr Indira Avenue: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sree Ambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sree Ambal Nagar?

Sree Ambal Nagar falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in property transactions, as it serves as a benchmark for determining the stamp duty and registration fees when buying or selling property in Perumattu Nellore. Buyers and sellers must consider this value to ensure compliance with local regulations and to understand the financial implications of their transactions.

When registering a property, the guideline value is used to calculate the applicable duties. It is essential for both parties to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sree Ambal Nagar?

The current guideline value of Sree Ambal Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 700 per sq.ft in both 2023 and 2024. The value decreased to Rs 469 per sq.ft in 2017, and the overall change from 2012 to 2024 is +0%.

What is the land classification of Sree Ambal Nagar?

Sree Ambal Nagar is classified as Residential Special Type - II, indicating its intended use for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Sree Ambal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 7,00,000, the stamp duty would be Rs 49,000 at 7%.