Guideline Value for Sri Ambal Nagar

Sri Ambal Nagar guideline value

The current guideline value of Sri Ambal Nagar, located in Chennerkuppam village, is Rs 1,540 per sq.ft, effective from the 2024 revision. This area falls under the Kunrathur SRO and is classified as Residential Class I Type - II.

How the guideline value of Sri Ambal Nagar has changed

The guideline value for Sri Ambal Nagar has seen significant changes over the years. In the 2007 revision, the value was Rs 450 per sq.ft, which increased to Rs 1,400 per sq.ft in 2012, marking a substantial rise of 211%. However, in the 2017 revision, the value decreased to Rs 938 per sq.ft, a decline of 33%. The guideline value then rose to Rs 1,400 per sq.ft in 2023, followed by a further increase to Rs 1,540 per sq.ft in the 2024 revision, reflecting a 10% increase.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 242%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median value for these streets is Rs 1,540 per sq.ft, which is the same as the current guideline value for Sri Ambal Nagar.

• Sri Ambal Nagar Lakshmi Avenue: Rs 1,540 per sq.ft (2024)
• Sri Balaji Nagar: Rs 1,815 per sq.ft (2024)
• Sri Devi Nagar: Rs 1,430 per sq.ft (2024)
• Sokkammal Nagar: Rs 1,430 per sq.ft (2024)
• Sri Kamakshi Amman Nagar: Rs 1,655 per sq.ft (2024)
• Sippai Nagar: Rs 1,430 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 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, making the total cost for these fees Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Ambal Nagar?

Sri Ambal Nagar falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum price at which a property can be registered. When buying or selling a property in Chennerkuppam, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Ambal Nagar?

The current guideline value of Sri Ambal Nagar is Rs 1,540 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 450 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, reflecting an overall increase of 242%.

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

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 15,40,000, the total fees would be Rs 1,38,600.

Which office handles registrations for Sri Ambal Nagar?

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

What is the land classification of Sri Ambal Nagar?

Sri Ambal Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.