Guideline Value

Corporate

Guideline Value for AMBAL AVENUE 3rd STREET

₹2800/sq.ft.

The guideline value for Ambal Avenue 3rd 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 3rd Street

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AMBAL AVENUE 3rd STREET guideline value

The current guideline value of AMBAL AVENUE 3rd STREET is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Okkiyamthuraipakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of AMBAL AVENUE 3rd STREET has changed

In the 2012 revision, the guideline value was Rs 2,500 per sq.ft. This value remained unchanged in the 2017 revision, which saw a decrease to Rs 1,675 per sq.ft, marking a -33% change. The value then increased significantly to Rs 2,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,800 per sq.ft in the 2024 revision, representing a 12% rise.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2012 revision to the 2024 revision, there has been a 12% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 guideline value is Rs 3,300 per sq.ft, and AMBAL AVENUE 3rd STREET's 2024 figure is below this median.

Stamp duty and registration fee for property in AMBAL AVENUE 3rd STREET

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value would be Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, totaling Rs 2,52,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers AMBAL AVENUE 3rd STREET?

The Sub Registrar Office that covers AMBAL AVENUE 3rd 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 information.

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

The guideline value is a crucial factor during the registration of property transactions in Okkiyamthuraipakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps in establishing a baseline for negotiations. Buyers and sellers can refer to the guideline value to assess the fairness of the price being offered or accepted for the property.

Frequently asked questions

What is the current guideline value of AMBAL AVENUE 3rd STREET?

The current guideline value of AMBAL AVENUE 3rd STREET is Rs 2,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 12%. The value saw a significant increase of 49% from 2017 to 2023.

What are the guideline values for other streets in Okkiyamthuraipakkam?

Other streets in Okkiyamthuraipakkam have varying guideline values, with rates ranging from Rs 1,100 to Rs 8,800 per sq.ft. For example, AMBAL AVENUE 2nd STREET, 1st STREET, and 4th STREET all share the same value of Rs 2,800 per sq.ft in 2024.

What is the stamp duty for property in AMBAL AVENUE 3rd STREET?

The stamp duty for property in AMBAL AVENUE 3rd STREET is calculated at 7% of the guideline value. For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000.

Where can I find the Sub Registrar Office for AMBAL AVENUE 3rd STREET?

The Sub Registrar Office covering AMBAL AVENUE 3rd STREET is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.