Guideline Value for Sri Ambal Nagar

Sri Ambal Nagar guideline value

The current guideline value of Sri Ambal Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024. This area is located in Thandalam village, under the Pammal Sub Registrar Office (SRO), and is classified as Residential Class I Type - I.

How the guideline value of Sri Ambal Nagar has changed

The guideline value for Sri Ambal Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 1,100 per sq.ft in 2023. The most recent revision in 2024 has raised the value further to Rs 1,210 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street. This lack of data indicates that the guideline value remained unchanged during those revisions.

Guideline values in Thandalam

In Thandalam, there are 56 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value is Rs 1,210 per sq.ft, which is equal to the current value of Sri Ambal Nagar.

• Sri Avenue: Rs 880 per sq.ft (2024)
• Sri Dhanalakshmi Nagar: Rs 1,210 per sq.ft (2024)
• Sri Ganesh Nagar: Rs 880 per sq.ft (2024)
• Sri Kamachi Garden Phase - II: Rs 3,300 per sq.ft (2024)
• Sri Kamatchi Gardens: Rs 3,300 per sq.ft (2024)
• Sri Raghavendhra Avenue: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Ambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, making the total cost for these fees Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ambal Nagar?

The Sub Registrar Office that covers Sri Ambal Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Thandalam, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are payable at the time of registration.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of property transactions. Ensuring that the property is registered at or above the guideline value helps to maintain transparency and legality in real estate dealings.

Frequently asked questions

What is the current guideline value of Sri Ambal Nagar?

The current guideline value of Sri Ambal Nagar is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 1,210 per sq.ft in 2024, marking a total increase of 64% over this period.

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

For a property valued at Rs 12,10,000, the stamp duty is Rs 84,700, and the registration fee is Rs 24,200, totaling Rs 1,08,900.

Which Sub Registrar Office covers Sri Ambal Nagar?

The Pammal Sub Registrar Office covers Sri Ambal Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Sri Ambal Nagar?

Sri Ambal Nagar is classified as Residential Class I Type - I, indicating its designation for residential purposes.