Guideline Value for Sri Ambal Nagar Extn

Sri Ambal Nagar Extn guideline value

The current guideline value of Sri Ambal Nagar Extn is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Kovur village and falls under the Kunrathur SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Sri Ambal Nagar Extn has changed

The guideline value for Sri Ambal Nagar Extn has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 275%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The value then rose to Rs 1,500 per sq.ft in 2023, and further increased to Rs 1,650 per sq.ft in 2024, reflecting a 10% increase.

Between 2017 and 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 313%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Kovur

Kovur village has 91 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value is Rs 1,650 per sq.ft, which is the same as the current value for Sri Ambal Nagar Extn.

• Sri Ambal Nagar Annex Extension: Rs 1,650 per sq.ft (2024)
• Sri Ambal Nagar: Rs 1,650 per sq.ft (2024)
• Sri Adilkshmi Nagar Annexe: Rs 1,650 per sq.ft (2024)
• Sri Adhilakshmi nagar Extn: Rs 1,650 per sq.ft (2024)
• Sri Adhilakshmi Nagar: Rs 1,650 per sq.ft (2024)
• Sri Annai nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ambal Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total fees together to Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Ambal Nagar Extn?

The Sri Ambal Nagar Extn is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kovur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the authorities will assess the guideline value to ensure that the correct fees are applied. This value helps maintain transparency and standardization in property transactions within the region.

Frequently asked questions

What is the current guideline value of Sri Ambal Nagar Extn?

The current guideline value of Sri Ambal Nagar Extn is Rs 1,650 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 1,650 per sq.ft in 2024, reflecting a significant increase of 313% overall.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 16,50,000. The stamp duty is Rs 1,15,500, and the registration fee is Rs 33,000, totaling Rs 1,48,500.

Which office handles property registrations for Sri Ambal Nagar Extn?

The Kunrathur Sub Registrar Office handles property registrations for Sri Ambal Nagar Extn, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Sri Ambal Nagar Extn?

The land classification for Sri Ambal Nagar Extn is Residential Special Type - I, indicating its suitability for residential development.