Guideline Value for Thiruvalluvar Nagar Ambedkar Street

Thiruvalluvar Nagar Ambedkar Street guideline value

The current guideline value of Thiruvalluvar Nagar Ambedkar Street is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, classified as Residential Class V Type - II.

How the guideline value of Thiruvalluvar Nagar Ambedkar Street has changed

The guideline value for Thiruvalluvar Nagar Ambedkar Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,300 per sq.ft, which then decreased to Rs 871 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,300 per sq.ft in 2023, and further rose to Rs 1,400 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 reflected a decrease of 33%. Overall, from 2012 to 2024, the guideline value increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Thiruvalluvar Nagar Ambedkar Street's guideline value of Rs 1,400 per sq.ft is below this median.

• Thiruvalluvar Nagar Bhagath Singh St.: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar Kamarajar Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 8th Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 7th Street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 6th street: Rs 1,400 per sq.ft (2024)
• Thiruvalluvar Nagar 5th street: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Thiruvalluvar Nagar Ambedkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would be Rs 98,000, and the registration fee at 2% would be Rs 28,000, leading to a total of Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thiruvalluvar Nagar Ambedkar Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar Ambedkar Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

For more information, you can find your SRO.

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

The guideline value is a critical factor in the registration process for property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for tax purposes.

When buying or selling property, it is essential to consider the guideline value as it impacts the stamp duty and registration fees. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Thiruvalluvar Nagar Ambedkar Street?

The current guideline value for Thiruvalluvar Nagar Ambedkar Street is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2012 to Rs 871 per sq.ft in 2017, then increased to Rs 1,300 per sq.ft in 2023, and finally to Rs 1,400 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Nagar Ambedkar Street?

Thiruvalluvar Nagar Ambedkar Street is classified as Residential Class V Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 and the registration fee would be Rs 28,000, totaling Rs 1,26,000.

Which office handles registrations for Thiruvalluvar Nagar Ambedkar Street?

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