Guideline Value for Sangam Street

Sangam Street guideline value

The current guideline value of Sangam Street in Ambattur village, under the Ambattur SRO, is Rs 4,600 per sq.ft, effective from 1 July 2024. The land classification for this street is Mixed Type - I.

How the guideline value of Sangam Street has changed

Over the years, the guideline value of Sangam Street has undergone several revisions. The 2012 revision set the value at Rs 4,200 per sq.ft, which was followed by a decrease to Rs 2,814 per sq.ft in 2017. The 2023 revision increased it to Rs 4,200 per sq.ft, and the current 2024 revision has raised it further to Rs 4,600 per sq.ft.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023 and by 10% from 2023 to 2024. The overall change from the 2012 revision to the 2024 revision is an increase of 10%. There are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Ambattur

In Ambattur, there are a total of 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, placing Sangam Street's 2024 figure above this median.

• Samtharia Nagar: Rs 3,600 per sq.ft (2024)
• Sanmugam Mudali Street: Rs 4,000 per sq.ft (2024)
• Samayapurathamman Koil 1st Street (Thiruvalluvar Nagar): Rs 1,900 per sq.ft (2024)
• Samayapurathammal Koil 2nd st.(TVR ngr.): Rs 1,900 per sq.ft (2024)
• Santhi Street: Rs 3,600 per sq.ft (2024)
• Sarangapani Street: Rs 4,600 per sq.ft (2024)

Stamp duty and registration fee for property in Sangam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,600 per sq.ft, the total guideline value would be Rs 46,00,000. The stamp duty at 7% would amount to Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, bringing the total cost for these fees to Rs 4,14,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sangam Street?

The Sub Registrar Office that covers Sangam Street is 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 Ambattur

The guideline value plays a crucial role in the registration process when buying or selling property in Ambattur. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sangam Street?

The current guideline value of Sangam Street is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then increased to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

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

Other streets in Ambattur include Samtharia Nagar at Rs 3,600 per sq.ft, Sanmugam Mudali Street at Rs 4,000 per sq.ft, and several others, with values ranging from Rs 1,900 to Rs 4,600 per sq.ft.

How is stamp duty calculated for properties in Sangam Street?

Stamp duty for properties in Sangam Street is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 46,00,000, leading to a stamp duty of Rs 3,22,000.

Where can I find the Sub Registrar Office for Sangam Street?

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