Guideline Value for SRI AMBAL NAGAR

Sri Ambal Nagar guideline value

The current guideline value of Sri Ambal Nagar, located in Kannampalayam village under the Kunrathur SRO, is Rs 1,320 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Special Type - II.

How the guideline value of Sri Ambal Nagar has changed

The guideline value for Sri Ambal Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 804 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in the 2023 revision. With the latest 2024 revision, the guideline value has risen to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Kannampalayam

Kannampalayam village has a range of guideline values across its 75 streets under the Kunrathur SRO, with values varying from Rs 765 to Rs 4,000 per sq.ft. The median guideline value for the area is Rs 1,375 per sq.ft, placing Sri Ambal Nagar's 2024 figure below this median.

• Sri Ambal Vijayalakshmi Nagar: Rs 2,460 per sq.ft (2024)
• Sree Kamatchi Amman Nagar: Rs 2,460 per sq.ft (2024)
• Sri Dhanalakshmi Nagar: Rs 880 per sq.ft (2024)
• Sri Kamadhenu Nagar: Rs 2,200 per sq.ft (2024)
• Srinivasa Nagar: Rs 880 per sq.ft (2024)
• Silambarasan Avenue: Rs 955 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Ambal Nagar?

Sri Ambal Nagar falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kannampalayam. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair price according to government standards. This process helps maintain transparency and accountability in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Ambal Nagar?

The current guideline value of Sri Ambal Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 64% over this period.

What is the land classification for Sri Ambal Nagar?

The land classification for Sri Ambal Nagar is Mixed Special Type - II.

Where can I find the registration office for Sri Ambal Nagar?

The registration office for Sri Ambal Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

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

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 1,18,800, including stamp duty and registration fees.