Guideline Value for SRI AMBAL VIJAYALAKSHMI NAGAR

Sri Ambal Vijayalakshmi Nagar guideline value

The current guideline value of Sri Ambal Vijayalakshmi Nagar is Rs 2,460 per sq.ft, effective from 1 July 2024. This area is located in Kannampalayam village and falls under the Kunrathur SRO. The land classification for this street is Mixed Type - II.

How the guideline value of Sri Ambal Vijayalakshmi Nagar has changed

The guideline value for Sri Ambal Vijayalakshmi Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 1,500 per sq.ft. This increased to Rs 2,239 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,460 per sq.ft, reflecting 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 there are no figures available for this street in the revisions of 2002, 2003, 2007, and 2012.

Guideline values in Kannampalayam

Kannampalayam village has a total of 75 streets under the Kunrathur SRO, with guideline values ranging from Rs 765 to Rs 4,000 per sq.ft as of 2024. The median guideline value in this area is Rs 1,375 per sq.ft, placing the 2024 figure for Sri Ambal Vijayalakshmi Nagar above this median.

• Sri Ambal Nagar: Rs 1,320 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 Vijayalakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,460 per sq.ft, the total guideline value amounts to Rs 24,60,000. The stamp duty at 7% would be Rs 1,72,200, and the registration fee at 2% would be Rs 49,200, totaling Rs 2,21,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ambal Vijayalakshmi Nagar?

The Sub Registrar Office that covers Sri Ambal Vijayalakshmi Nagar is 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 plays a crucial role in property transactions in Kannampalayam. It serves as the basis for calculating stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall cost of the transaction. Buyers should ensure they are informed about the latest guideline values to avoid any unexpected costs during registration.

Frequently asked questions

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

The current guideline value of Sri Ambal Vijayalakshmi Nagar is Rs 2,460 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 1,500 per sq.ft in 2017 to Rs 2,460 per sq.ft in 2024, which is an overall increase of 64%.

What is the land classification for Sri Ambal Vijayalakshmi Nagar?

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

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sri Ambal Vijayalakshmi 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 this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,60,000, the stamp duty at 7% would be Rs 1,72,200.