Guideline Value for Station Road

Station Road guideline value

The current guideline value of Station Road in Ambattur village, under the Ambattur SRO, is Rs 4,600 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - I.

How the guideline value of Station Road has changed

The guideline value for Station Road has seen several revisions over the years. In 2012, the value was Rs 4,200 per sq.ft, which decreased to Rs 2,814 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 4,200 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 4,600 per sq.ft, marking a 10% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, placing Station Road's 2024 figure above this median.

• Subbammal Street: Rs 4,600 per sq.ft (2024)
• Subban Street: Rs 4,000 per sq.ft (2024)
• Sri Venkataramullu Naidu Street: Rs 4,000 per sq.ft (2024)
• Subramaniam Street: Rs 4,600 per sq.ft (2024)
• Sundharam Street: Rs 4,000 per sq.ft (2024)
• Suntharesa iyer Street: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in Station Road

For a 1,000 sq.ft plot at the current rate of Rs 4,600 per sq.ft, the guideline value amounts to Rs 46,00,000. The stamp duty at 7% would be Rs 3,22,000, and the registration fee at 2% would be Rs 92,000, totaling Rs 4,14,000. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Station Road?

The Sub Registrar Office covering Station Road is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Ambattur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Buyers should 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 Station Road?

The current guideline value of Station Road is Rs 4,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,200 per sq.ft in 2012 to Rs 2,814 per sq.ft in 2017, then increased to Rs 4,200 per sq.ft in 2023, and finally to Rs 4,600 per sq.ft in 2024.

What are the stamp duty and registration fees for a property on Station Road?

For a property of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fee would amount to Rs 4,14,000, which includes Rs 3,22,000 for stamp duty and Rs 92,000 for registration.

Which office handles registrations for Station Road?

The Ambattur Sub Registrar Office handles registrations for Station Road, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the property is registered at a fair value for legal and taxation purposes.