Guideline Value for SRI AMBAL VIJAYALAKSHMI NAGAR PHASE-I

Sri Ambal Vijayalakshmi Nagar Phase-I guideline value

The current guideline value of Sri Ambal Vijayalakshmi Nagar Phase-I is Rs 330 per sq.ft. This locality is situated in Cheranancheri village, falling under the Avadi SRO. The land classification for this area is Residential Class I Type - IV.

How the guideline value of Sri Ambal Vijayalakshmi Nagar Phase-I has changed

The guideline value register has no figures for Sri Ambal Vijayalakshmi Nagar Phase-I for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision, effective from 1 July 2024, sets the guideline value at Rs 330 per sq.ft.

Since there are no figures available for previous revisions, there have been no changes in the guideline value for this street between the years noted above. The current value is aligned with the 2024 revision, which is the only figure available for this street.

Guideline values in Cheranancheri

In Cheranancheri, there are 31 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 274 to Rs 3,000 per sq.ft, with a median value of Rs 1,540 per sq.ft. The guideline value of Sri Ambal Vijayalakshmi Nagar Phase-I is below this median.

• Sri Mookambikai Nagar Apple City: Rs 1,760 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,320 per sq.ft (2024)
• Silver Fields By Urban Tree: Rs 1,375 per sq.ft (2024)
• Sri Srinivasa Garden: Rs 330 per sq.ft (2024)
• Sri Srinivasa Garden Extn Phase-II: Rs 440 per sq.ft (2024)
• Suriya Narayana Garden: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ambal Vijayalakshmi Nagar Phase-I

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 3,30,000. The stamp duty at 7% amounts to Rs 23,100, and the registration fee at 2% is Rs 6,600, bringing the total to Rs 29,700. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Sri Ambal Vijayalakshmi Nagar Phase-I?

The Sri Ambal Vijayalakshmi Nagar Phase-I falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration process when buying or selling property in Cheranancheri. It serves as a benchmark for determining the stamp duty and registration fees that are applicable to the transaction.

When you register a property, the guideline value is used to calculate the applicable duties. This ensures that both buyers and sellers are aware of the financial obligations involved in the property transaction.

Frequently asked questions

What is the current guideline value of Sri Ambal Vijayalakshmi Nagar Phase-I?

The current guideline value of Sri Ambal Vijayalakshmi Nagar Phase-I is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for this street. The only available figure is from the 2024 revision, which is Rs 330 per sq.ft.

What is the median guideline value in Cheranancheri?

The median guideline value in Cheranancheri is Rs 1,540 per sq.ft, with the values for various streets ranging from Rs 274 to Rs 3,000 per sq.ft.

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

The registration office for Sri Ambal Vijayalakshmi Nagar Phase-I 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 property transactions?

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 Rs 330 per sq.ft incurs a total stamp duty and registration fee of Rs 29,700.