Guideline Value for Sri Ambal City

Sri Ambal City guideline value

The current guideline value of Sri Ambal City in Agaram Male village is Rs 770 per sq.ft, effective from 1 July 2024. This area falls under the Poonamallee SRO and is classified as Residential Special Type - I.

How the guideline value of Sri Ambal City has changed

The guideline value for Sri Ambal City has seen several revisions over the years. The 2012 revision set the value at Rs 700 per sq.ft, which then decreased to Rs 469 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 700 per sq.ft in the 2023 revision, and then to Rs 770 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The change from 2017 to 2023 was a notable 49% increase, while the 2012 to 2017 period saw a decrease of 33% in the guideline value.

Guideline values in Agaram Male

Agaram Male village has 21 streets under the Poonamallee SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 2,800 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Sri Ambal City at this median value.

• Shree Vari Nagar: Rs 1,642 per sq.ft (2024)
• Sarathambal Nagar: Rs 770 per sq.ft (2024)
• Saranya Nagar: Rs 770 per sq.ft (2024)
• Santhammal Nagar: Rs 770 per sq.ft (2024)
• Sannathi Street: Rs 550 per sq.ft (2024)
• Unicon Avenue: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ambal City

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty at 7% would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, making the total cost for these fees Rs 69,300. 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 calculations.

Which Sub Registrar Office covers Sri Ambal City?

The Sub Registrar Office that covers Sri Ambal City is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

When buying or selling property in Agaram Male, the guideline value is a crucial factor used during the registration process. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

The guideline value ensures that the property is registered at a fair value, which helps in maintaining transparency in property transactions. Buyers and sellers should 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 Ambal City?

The current guideline value of Sri Ambal City is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then increased to Rs 700 in 2023, and finally to Rs 770 in 2024.

What is the land classification for Sri Ambal City?

Sri Ambal City is classified as Residential Special Type - I under the guideline value register.

What are the stamp duty and registration fees for properties in Sri Ambal City?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a plot of 1,000 sq.ft, the total fees would amount to Rs 69,300.

Which office handles property registrations for Sri Ambal City?

The Poonamallee Sub Registrar Office handles property registrations for Sri Ambal City, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.