Guideline Value for shri ambal nagar ethiraj naidu avenue

Shri Ambal Nagar Ethiraj Naidu Avenue guideline value

The current guideline value for Shri Ambal Nagar Ethiraj Naidu Avenue is Rs 2,740 per sq.ft, effective from 1 July 2024. This street is located in Poonthamallee village, under the Poonamallee SRO, and is classified as Residential Class I Type - I.

How the guideline value of Shri Ambal Nagar Ethiraj Naidu Avenue has changed

The guideline value for Shri Ambal Nagar Ethiraj Naidu Avenue has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this was followed by a decrease to Rs 1,675 per sq.ft in 2017. The value then rose to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,740 per sq.ft as per the 2024 revision. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, the changes are notable. From 2007 to 2012, there was a remarkable increase of 525%. However, from 2012 to 2017, the value decreased by 33%. The value then surged by 49% from 2017 to 2023, followed by a 10% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 585%.

Guideline values in Poonthamallee

Poonthamallee village has a total of 257 streets under the Poonamallee SRO, with guideline values in 2024 ranging from Rs 1,980 to Rs 4,950 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Shri Ambal Nagar Ethiraj Naidu Avenue above this median.

• Shri ambal nagar: Rs 2,740 per sq.ft (2024)
• Shri ambal city: Rs 2,740 per sq.ft (2024)
• Shri Ambal Nagar Malligai Avenue: Rs 2,740 per sq.ft (2024)
• Shri ambal nagar phase 1: Rs 2,740 per sq.ft (2024)
• Shrenivasa nagar: Rs 2,200 per sq.ft (2024)
• Shri Bakthavatchalam avenue 559/2,560,561,564: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Shri Ambal Nagar Ethiraj Naidu Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,740 per sq.ft, the total guideline value would be Rs 27,40,000. The stamp duty at 7% would amount to Rs 1,91,800, while the registration fee at 2% would be Rs 54,800, bringing the total cost together to Rs 2,46,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shri Ambal Nagar Ethiraj Naidu Avenue?

The Sub Registrar Office that covers Shri Ambal Nagar Ethiraj Naidu Avenue is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Poonthamallee. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. The guideline value ensures that the government receives appropriate revenue from property transactions based on the value of the property.

When buying or selling property, it is essential to be aware of the guideline value, as it can affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any surprises during the registration process.

Frequently asked questions

What is the current guideline value for Shri Ambal Nagar Ethiraj Naidu Avenue?

The current guideline value for Shri Ambal Nagar Ethiraj Naidu Avenue is Rs 2,740 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 400 per sq.ft in 2007 and reaching Rs 2,740 per sq.ft in 2024. The highest increase occurred from 2007 to 2012, with a 525% rise.

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

For a property valued at Rs 27,40,000, the stamp duty would be Rs 1,91,800 and the registration fee would be Rs 54,800, totaling Rs 2,46,600. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office is responsible for this street?

The Poonamallee Sub Registrar Office covers Shri Ambal Nagar Ethiraj Naidu Avenue, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What is the land classification for Shri Ambal Nagar Ethiraj Naidu Avenue?

Shri Ambal Nagar Ethiraj Naidu Avenue is classified as Residential Class I Type - I, indicating its suitability for residential development.