Guideline Value

Corporate

Guideline Value for Sri Ambal Nagar

₹300/sq.ft.

The guideline value for Sri Ambal Nagar in Koozhangacheri village (Sunguvarchattram SRO, Chengalpattu zone) is Rs 300 per sq.ft, effective 1 July 2024. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Koozhangacheri

Village

Sunguvarchattram

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹300 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹201 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹300 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Vadivamal Nagar Kandigai Road Caparo Company Opp,sunguvarchatram
044_29592196
[email protected]

DRO (District Registrar Office)

No.10, Kancheepuram High Road, Chengalpet - 603002
044-27423692
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Sri Ambal Nagar

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Sri Ambal Nagar guideline value

The current guideline value of Sri Ambal Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Koozhangacheri village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - III.

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 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. The 2017 revision increased the value to Rs 201 per sq.ft, marking a 49% increase from the previous revision. However, the 2024 revision brought the guideline value back to Rs 300 per sq.ft, reflecting no overall change from 2012 to 2024.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Thus, the only available revisions for Sri Ambal Nagar are from 2012, 2017, 2023, and the current 2024 figures.

Guideline values in Koozhangacheri

Koozhangacheri village consists of 47 streets under the Sunguvarchattram SRO, with a 2024 guideline value range from Rs 200 to Rs 1,200 per sq.ft. The median guideline value for these streets is Rs 226 per sq.ft, placing Sri Ambal Nagar's 2024 figure above this median.

Stamp duty and registration fee for property in Sri Ambal Nagar

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to Rs 3,00,000. The stamp duty is charged at 7%, which totals Rs 21,000, while the registration fee at 2% amounts to Rs 6,000. Together, these fees total Rs 27,000. It is important to note that 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 more details.

Which Sub Registrar Office covers Sri Ambal Nagar?

The Sub Registrar Office that covers Sri Ambal Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Koozhangacheri, as it determines the minimum value for registration purposes. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory for legal ownership transfer.

In addition, the guideline value helps ensure transparency and standardization in property transactions. Buyers and sellers should be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ambal Nagar?

The current guideline value of Sri Ambal Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft in the revisions of 2012, 2017, and 2023, with a notable increase of 49% from Rs 201 per sq.ft in 2017 to 2023. Overall, there has been no change from 2012 to 2024.

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

For a property valued at Rs 3,00,000, the stamp duty is Rs 21,000 at 7%, and the registration fee is Rs 6,000 at 2%, totaling Rs 27,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers Sri Ambal Nagar?

Sri Ambal Nagar falls under the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

What is the land classification for Sri Ambal Nagar?

Sri Ambal Nagar is classified as Residential Special Type - III, indicating its designation for residential development within the area.