Guideline Value for Sri Ambal Nagar Kamachi Avenue

Sri Ambal Nagar Kamachi Avenue guideline value

The current guideline value of Sri Ambal Nagar Kamachi Avenue is Rs 660 per sq.ft, effective from 1 July 2024. This street is located in Agraharam Vada village under the Poonamallee SRO, classified as Residential Class II Type - I.

How the guideline value of Sri Ambal Nagar Kamachi Avenue has changed

The guideline value for Sri Ambal Nagar Kamachi Avenue has undergone several revisions over the years. The 2012 revision set the value at Rs 600 per sq.ft, which then decreased to Rs 402 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 600 per sq.ft in the 2023 revision, and then further rose to Rs 660 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 to 2023 revision, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Agraharam Vada

In Agraharam Vada, there are 17 streets under the Poonamallee SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 1,650 per sq.ft. The median value for these streets is Rs 880 per sq.ft, placing Sri Ambal Nagar Kamachi Avenue's 2024 figure below that median.

• Sri Ambal Avenue: Rs 880 per sq.ft (2024)
• Shree Mahalakshmi Nagar: Rs 880 per sq.ft (2024)
• Sri Srinivasa Nagar: Rs 850 per sq.ft (2024)
• Ramachandran Nagar: Rs 850 per sq.ft (2024)
• Pilliyar Koil Street: Rs 850 per sq.ft (2024)
• Padmavathy Nagar Extension: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ambal Nagar Kamachi Avenue

For a 1,000 sq.ft plot at the current rate of Rs 660 per sq.ft, the guideline value amounts to Rs 6,60,000. The stamp duty at 7% would be Rs 46,200, and the registration fee at 2% would be Rs 13,200, totaling Rs 59,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ambal Nagar Kamachi Avenue?

The Sub Registrar Office covering Sri Ambal Nagar Kamachi Avenue is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for additional information.

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

The guideline value is crucial during the registration of property transactions in Agraharam Vada. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees payable. It is essential to 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 Nagar Kamachi Avenue?

The current guideline value of Sri Ambal Nagar Kamachi Avenue is Rs 660 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2012 to Rs 402 per sq.ft in 2017, then increased to Rs 600 per sq.ft in 2023, and finally to Rs 660 per sq.ft in 2024.

What is the land classification of Sri Ambal Nagar Kamachi Avenue?

Sri Ambal Nagar Kamachi Avenue is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 6,60,000, the stamp duty would be Rs 46,200, and the registration fee would be Rs 13,200, totaling Rs 59,400.

Which office handles property registrations for this area?

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