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Guideline Value

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Guideline Value for AMBETHKAR 1ST MAIN RIGHT 3RD CROSS STREET

₹2420/sq.ft.

The guideline value for Ambethkar 1st Main Right 3rd Cross Street in Manapakkam village (Chennai South Joint I SRO, Chennai zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manapakkam

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Ambethkar 1st Main Right 3rd Cross Street

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Ambethkar 1st Main Right 3rd Cross Street guideline value

The current guideline value for Ambethkar 1st Main Right 3rd Cross Street is Rs 2,420 per sq.ft. This street is located in Manapakkam village under the Chennai South Joint I SRO, classified as Residential Class III Type - I.

How the guideline value of Ambethkar 1st Main Right 3rd Cross Street has changed

The guideline value for Ambethkar 1st Main Right 3rd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,474 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 2,200 per sq.ft in the 2023 revision, followed by the current value of Rs 2,420 per sq.ft effective from July 1, 2024, reflecting a 10% increase.

From the 2017 revision to the 2023 revision, the guideline value increased by 49%. Overall, comparing the 2012 revision to the current 2024 value, there has been a 10% increase. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO carrying a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median value for these streets is Rs 2,530 per sq.ft, placing the 2024 guideline value of Ambethkar 1st Main Right 3rd Cross Street below this median.

Stamp duty and registration fee for property in Ambethkar 1st Main Right 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ambethkar 1st Main Right 3rd Cross Street?

The Sub Registrar Office covering Ambethkar 1st Main Right 3rd Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

For more information, you can find your SRO.

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

The guideline value is an essential factor in the registration process when buying or selling property in Manapakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two amounts is used to determine the applicable fees. This ensures that the transaction is officially recorded and that all legal requirements are met.

Frequently asked questions

What is the current guideline value for Ambethkar 1st Main Right 3rd Cross Street?

The current guideline value for Ambethkar 1st Main Right 3rd Cross Street is Rs 2,420 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,200 per sq.ft in 2012 to Rs 1,474 per sq.ft in 2017, then back to Rs 2,200 per sq.ft in 2023, and finally to Rs 2,420 per sq.ft in 2024.

What is the land classification for this street?

Ambethkar 1st Main Right 3rd Cross Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Ambethkar 1st Main Right 3rd Cross Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400 at a rate of 7%.