Guideline Value for SRI AMBIKA NAGAR

Sri Ambika Nagar guideline value

The current guideline value of Sri Ambika Nagar, located in Ponthavakkam village under the Oothukkottai SRO, is Rs 150 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class I Type - I land classification.

How the guideline value of Sri Ambika Nagar has changed

Over the years, the guideline value for Sri Ambika Nagar has seen several revisions. The earliest recorded revision was in 2017, where the guideline value was Rs 100 per sq.ft. This figure increased by 50% to Rs 150 per sq.ft in the 2023 revision, which remained unchanged in the 2024 revision.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Therefore, the overall change from 2017 to 2024 is a 50% increase, with the current figure aligning with the 2024 median value for Ponthavakkam.

Guideline values in Ponthavakkam

In Ponthavakkam, there are six streets under the Oothukkottai SRO that carry a guideline value for 2024, ranging from Rs 100 to Rs 600 per sq.ft. The median value for these streets is Rs 150 per sq.ft, making Sri Ambika Nagar's current guideline value equal to this median.

• Sri Balaji Nagar: Rs 150 per sq.ft (2024)
• Sri Vari Avune: Rs 600 per sq.ft (2024)
• Maharishikudilam: Rs 150 per sq.ft (2024)
• Kalaimagal Nagar: Rs 150 per sq.ft (2024)
• Jaisakthi Avenue: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ambika Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty, charged at 7%, would be Rs 10,500, while the registration fee at 2% would be Rs 3,000, bringing the total fees to Rs 13,500. It is important to note that the 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 assistance.

Which Sub Registrar Office covers Sri Ambika Nagar?

Sri Ambika Nagar falls under the jurisdiction of the Oothukkottai Sub Registrar Office, located near the government hospital in Uthukottai, 602026, Chennai registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a critical factor in property transactions in Ponthavakkam, as it determines the base value for calculating stamp duty and registration fees. When buying or selling property, the guideline value is used to ensure that the correct taxes are applied, based on either the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This ensures a smooth transaction and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Ambika Nagar?

The current guideline value of Sri Ambika Nagar is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Sri Ambika Nagar was Rs 100 per sq.ft in 2017, increased to Rs 150 per sq.ft in 2023, and has remained at Rs 150 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012.

What are the stamp duty and registration fees for properties in Sri Ambika Nagar?

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sri Ambika Nagar?

The Oothukkottai Sub Registrar Office covers Sri Ambika Nagar, located near the government hospital in Uthukottai, 602026, Chennai registration zone.

What is the median guideline value in Ponthavakkam?

The median guideline value in Ponthavakkam for 2024 is Rs 150 per sq.ft, with Sri Ambika Nagar's current value aligning with this median.