Guideline Value

Corporate

Guideline Value for AMBEDKAR ST

₹802/sq.ft.

The guideline value for Ambedkar St in Mitnamalle village (Avadi SRO, Chennai zone) is Rs 802 per sq.ft, effective 1 July 2024. It was Rs 600 per sq.ft from 1 April 2023, a 34% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mitnamalle

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹802 /sq.ft.
From 1-4-2023 ₹600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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]

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Ambedkar St guideline value

The current guideline value of Ambedkar St in Mitnamalle village, under the Avadi SRO, is Rs 802 per sq.ft, effective from 1 July 2024. The land classification for this street is Residential Class II Type - I.

How the guideline value of Ambedkar St has changed

Over the years, the guideline value of Ambedkar St has seen several revisions. The guideline value was Rs 600 per sq.ft in 2023, which increased to Rs 802 per sq.ft in 2024, marking a change of +34%. Prior to that, in 2017, the value was Rs 402 per sq.ft, indicating a significant increase of +49% over the six-year period leading up to 2023. The 2012 revision also recorded a value of Rs 600 per sq.ft, which represents a decrease of -33% compared to the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +34%.

It is important to note that there are no figures available for Ambedkar St in the revisions for the years 2002, 2003, and 2007. The last recorded figures before 2012 were not specified in the register.

Guideline values in Mitnamalle

In Mitnamalle village, there are 53 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 800 to Rs 2,550 per sq.ft. The median value for these streets is Rs 802 per sq.ft, which aligns with the guideline value of Ambedkar St.

Stamp duty and registration fee for property in Ambedkar St

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value amounts to Rs 8,02,000. The stamp duty at 7% would be Rs 56,140, and the registration fee at 2% would be Rs 16,040, leading to a total of Rs 72,180. 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 Ambedkar St?

The Sub Registrar Office that covers Ambedkar St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Mitnamalle. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated fairly based on the established rates for the area.

When you buy or sell property, the guideline value helps in assessing the official value of the property, which is necessary for legal documentation and compliance with local regulations. It is essential for both buyers and sellers to be aware of these values to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ambedkar St?

The current guideline value of Ambedkar St is Rs 802 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2023 to Rs 802 per sq.ft in 2024, a change of +34%. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What is the land classification for Ambedkar St?

Ambedkar St is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property on Ambedkar St?

For a property of 1,000 sq.ft at the guideline value of Rs 8,02,000, the stamp duty would be Rs 56,140 and the registration fee would be Rs 16,040, totaling Rs 72,180.

Which office handles registrations for Ambedkar St?

The Avadi Sub Registrar Office handles registrations for Ambedkar St, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.