Guideline Value

Corporate

Guideline Value for AMBAL AVENUE 2nd STREET

₹2800/sq.ft.

The guideline value for Ambal Avenue 2nd 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 2nd Street

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AMBAL AVENUE 2nd STREET guideline value

The current guideline value for AMBAL AVENUE 2nd 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 2nd STREET has changed

The guideline value for AMBAL AVENUE 2nd STREET has seen several revisions over the years. In the 2012 revision, the value was set at Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, marking a 49% rise. The most recent revision in 2024 set the value at Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 12%.

Guideline values in Okkiyamthuraipakkam

In Okkiyamthuraipakkam, there are 453 streets under the Neelankarai SRO, with guideline values 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, indicating that the guideline value for AMBAL AVENUE 2nd STREET is below this median.

Stamp duty and registration fee for property in AMBAL AVENUE 2nd 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, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AMBAL AVENUE 2nd STREET?

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

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

The guideline value is a critical factor in property transactions in Okkiyamthuraipakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the registration fee and stamp duty are calculated based on this guideline value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions. It is advisable for buyers and sellers to 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 AMBAL AVENUE 2nd STREET?

The current guideline value of AMBAL AVENUE 2nd 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 2023 to Rs 2,800 per sq.ft in 2024, which is a 12% increase. It was Rs 1,675 per sq.ft in 2017, showing a 49% rise from that year to 2023.

What are the other streets in Okkiyamthuraipakkam with the same guideline value?

Other streets in Okkiyamthuraipakkam with the same guideline value of Rs 2,800 per sq.ft in 2024 include AMBAL AVENUE 1st STREET, AMBAL AVENUE 3rd STREET, Ambal Avenue, and Ambal Avenue 4th Street.

What is the registration fee for property in AMBAL AVENUE 2nd STREET?

The registration fee for property in AMBAL AVENUE 2nd STREET is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 28,00,000, the registration fee at 2% would be Rs 56,000.

Where is the Sub Registrar Office for AMBAL AVENUE 2nd STREET located?

The Sub Registrar Office for AMBAL AVENUE 2nd STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.