Guideline Value for Sambu prasath Street (Rajammal nagar)

Sambu prasath Street (Rajammal nagar) guideline value

The current guideline value of Sambu prasath Street (Rajammal nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village under the Ambattur SRO, classified as Residential Class I Type - I.

How the guideline value of Sambu prasath Street (Rajammal nagar) has changed

The guideline value for Sambu prasath Street has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2012. However, it saw a decrease to Rs 804 per sq.ft in 2017. The value then rose to Rs 1,200 per sq.ft in 2023, before reaching the current figure of Rs 1,300 per sq.ft in 2024. The register has no figure for this street in 2002 and 2003.

From 2017 to 2023, the increase was 49%, and from 2023 to 2024, there was an 8% rise. Notably, the overall change from 2007 to 2024 reflects a substantial increase of 225% in the guideline value.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value is Rs 1,300 per sq.ft, which is the same as the current figure for Sambu prasath Street.

• Sakthi Street: Rs 1,100 per sq.ft (2024)
• Sakthi nagar 2nd street (sakthi nagar): Rs 1,100 per sq.ft (2024)
• Sakthi nagar 1st street (sakthi nagar): Rs 1,100 per sq.ft (2024)
• Sakthi Nagar: Rs 1,100 per sq.ft (2024)
• Santhosh Nagar: Rs 1,100 per sq.ft (2024)
• Santhosh nagar 1st Street(Santhosh Nagar): Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Sambu prasath Street (Rajammal nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 more details.

Which Sub Registrar Office covers Sambu prasath Street (Rajammal nagar)?

The Sambu prasath Street (Rajammal nagar) is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the government receives appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sambu prasath Street?

The current guideline value of Sambu prasath Street (Rajammal nagar) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 225% over this period.

What is the stamp duty rate for property in Sambu prasath Street?

The stamp duty rate for property transactions in Sambu prasath Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles the registration for Sambu prasath Street?

The Ambattur Sub Registrar Office handles the registration for Sambu prasath Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the other guideline values in Ayappakkam?

Other streets in Ayappakkam under the Ambattur SRO have guideline values ranging from Rs 550 to Rs 4,000 per sq.ft, with the median being Rs 1,300 per sq.ft, which is the same as that of Sambu prasath Street.