Guideline Value for SRI AMBIGAI NAGAR

Sri Ambigai Nagar guideline value

The current guideline value of Sri Ambigai Nagar is Rs 120 per sq.ft, effective from 1 July 2024. This area is located in Ariyapakkam village under the Arani_Tiruvallur SRO, classified as Residential Class IV Type - I.

How the guideline value of Sri Ambigai Nagar has changed

The guideline value for Sri Ambigai Nagar has undergone several revisions over the years. In the 2017 revision, the value was set at Rs 80 per sq.ft. This increased by 50% to Rs 120 per sq.ft in the 2023 revision, and it remained the same in the 2024 revision, showing no change from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 50%.

Guideline values in Ariyapakkam

In Ariyapakkam, there are three streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value, ranging from Rs 120 to Rs 350 per sq.ft. The median value for these streets is Rs 120 per sq.ft, which is equal to the guideline value of Sri Ambigai Nagar.

• Saraswathi Nagar: Rs 120 per sq.ft (2024)
• Ideal Nagar: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ambigai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 120 per sq.ft, the guideline value would be Rs 1,20,000. The stamp duty at 7% would amount to Rs 8,400, and the registration fee at 2% would be Rs 2,400, totaling Rs 10,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ambigai Nagar?

The Sub Registrar Office that covers Sri Ambigai Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of properties in Ariyapakkam. It serves as the basis for calculating the stamp duty and registration fees that need to be paid when a property transaction occurs.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected based on the prevailing rates set by the Registration Department.

Frequently asked questions

What is the current guideline value of Sri Ambigai Nagar?

The current guideline value of Sri Ambigai Nagar is Rs 120 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 80 per sq.ft in 2017 to Rs 120 per sq.ft in 2023 and remained the same in 2024. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

What are the other streets in Ariyapakkam with their guideline values?

Other streets in Ariyapakkam include Saraswathi Nagar, which has a guideline value of Rs 120 per sq.ft, and Ideal Nagar, which is set at Rs 350 per sq.ft, both for the year 2024.

What is the stamp duty rate for properties in Sri Ambigai Nagar?

The stamp duty rate for properties in Sri Ambigai Nagar is 7% of the guideline value or the sale price, whichever is higher. For a plot valued at Rs 1,20,000, the stamp duty would be Rs 8,400.

Where can I find the Sub Registrar Office for Sri Ambigai Nagar?

The Sub Registrar Office for Sri Ambigai Nagar is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.