Guideline Value

Corporate

Guideline Value for AMBAL AVENUE 1st STREET

₹2800/sq.ft.

The guideline value for Ambal Avenue 1st Street in Okkiyamthuraipakkam village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Okkiyamthuraipakkam

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Ambal Avenue 1st Street

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AMBAL AVENUE 1st STREET guideline value

The current guideline value of AMBAL AVENUE 1st STREET in Okkiyamthuraipakkam village is Rs 2,800 per sq.ft, effective from 1 July 2024. This street falls under the Neelankarai SRO and is classified as Residential Class II Type - II.

How the guideline value of AMBAL AVENUE 1st STREET has changed

The guideline value for AMBAL AVENUE 1st STREET has seen several revisions over the years. In 2012, the value was set at Rs 2,500 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 1,675 per sq.ft, marking a reduction of 33%. The subsequent revision in 2023 increased the value to Rs 2,500 per sq.ft, and finally, the latest revision in 2024 has set the guideline value at Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 12%. The register has no figures for AMBAL AVENUE 1st STREET in the years 2002, 2003, and 2007.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the guideline value of AMBAL AVENUE 1st STREET below this median.

Stamp duty and registration fee for property in AMBAL AVENUE 1st STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, while the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers AMBAL AVENUE 1st STREET?

The Sub Registrar Office that covers AMBAL AVENUE 1st STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Okkiyamthuraipakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory for legal documentation.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to accurately calculate the associated costs of property transactions.

Frequently asked questions

What is the current guideline value of AMBAL AVENUE 1st STREET?

The current guideline value of AMBAL AVENUE 1st STREET is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification for AMBAL AVENUE 1st STREET?

AMBAL AVENUE 1st STREET is classified as Residential Class II Type - II.

Where can I find the Sub Registrar Office for AMBAL AVENUE 1st STREET?

The Neelankarai Sub Registrar Office covers AMBAL AVENUE 1st STREET, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total of Rs 2,52,000 in fees.