Guideline Value for Thiru Nagar Ambetkar Street

Thiru Nagar Ambetkar Street guideline value

The current guideline value of Thiru Nagar Ambetkar Street is Rs 2,350 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, falling under the Pammal SRO, and is classified as Residential Class III Type - I.

How the guideline value of Thiru Nagar Ambetkar Street has changed

The guideline value for Thiru Nagar Ambetkar Street has seen significant changes over the years. The 2017 revision set the value at Rs 1,407 per sq.ft, which increased to Rs 2,099 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 raised the value further to Rs 2,350 per sq.ft, reflecting a 12% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 67%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, making the 2024 figure for Thiru Nagar Ambetkar Street above this median.

• Thiru Nagar 4th Street: Rs 1,760 per sq.ft (2024)
• Thiru Nagar 3rd Street: Rs 1,760 per sq.ft (2024)
• Thiru Nagar Ist Street: Rs 1,760 per sq.ft (2024)
• Thiru Nagar 2nd Street: Rs 1,760 per sq.ft (2024)
• Thiru Nagar Kalingar Cross Street: Rs 1,760 per sq.ft (2024)
• Thiru Nagar Kalingar Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Thiru Nagar Ambetkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would amount to Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, bringing the total charges to Rs 2,11,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Thiru Nagar Ambetkar Street?

The Sub Registrar Office that covers Thiru Nagar Ambetkar Street 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is assessed to ensure that the transaction is registered at a value that reflects the current market conditions. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Thiru Nagar Ambetkar Street?

The current guideline value of Thiru Nagar Ambetkar Street is Rs 2,350 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,407 per sq.ft in 2017 to Rs 2,350 per sq.ft in 2024, which is an overall increase of 67% over this period.

What is the stamp duty rate for property in Thiru Nagar Ambetkar Street?

The stamp duty rate for property transactions in Thiru Nagar Ambetkar Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Thiru Nagar Ambetkar Street?

The Sub Registrar Office for Thiru Nagar Ambetkar Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft, with Thiru Nagar Ambetkar Street's value of Rs 2,350 per sq.ft being above this median.