Guideline Value for SRI AMMBAL NAGAR

Sri Ammbal Nagar guideline value

The current guideline value of Sri Ammbal Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Kanchipuram Town village, under the Kanchipuram Joint I SRO, and is classified as Residential Class III Type - III.

How the guideline value of Sri Ammbal Nagar has changed

The guideline value for Sri Ammbal Nagar has undergone several revisions over the years. The oldest recorded revision is from 2012, where the guideline value was Rs 1,000 per sq.ft. This was followed by a decrease to Rs 670 per sq.ft in 2017. In 2023, the guideline value increased to Rs 1,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 1,100 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

Between the revisions, there have been notable changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The guideline value then increased by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Kanchipuram Town

In Kanchipuram Town, there are 85 streets under the Kanchipuram Joint I SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Sri Ammbal Nagar's 2024 value below that median.

• South Krishnan Street: Rs 1,100 per sq.ft (2024)
• Sengaluneerodai Street: Rs 2,750 per sq.ft (2024)
• Sathhan Kuttai Street: Rs 1,650 per sq.ft (2024)
• Sarvatheertham Vadakarai Street: Rs 1,210 per sq.ft (2024)
• Sarvatheertham Thenkarai Street: Rs 1,210 per sq.ft (2024)
• Sarvatheertham Street: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ammbal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000. Together, these fees would total Rs 99,000. 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 accurate calculations.

Which Sub Registrar Office covers Sri Ammbal Nagar?

Sri Ammbal Nagar falls under the Kanchipuram Joint I Sub Registrar Office, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kanchipuram Town. It is used to determine the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

When a property is sold, the guideline value serves as a reference point to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ammbal Nagar?

The current guideline value of Sri Ammbal Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Sri Ammbal Nagar?

For a property with a guideline value of Rs 1,100 per sq.ft, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000 for a 1,000 sq.ft plot.

Which Sub Registrar Office covers Sri Ammbal Nagar?

The Kanchipuram Joint I Sub Registrar Office covers Sri Ammbal Nagar, located at No.52 Orikkai Madura, Udhayamangalam Village, Near Anna Kudiyiruppu, Kanchipuram -631502, Chengalpattu registration zone.

What is the land classification of Sri Ammbal Nagar?

Sri Ammbal Nagar is classified as Residential Class III Type - III, indicating its zoning for residential purposes.