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Guideline Value

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Guideline Value for AMBETHKAR 1ST MAIN RIGHT 5TH CROSS STREET

₹2420/sq.ft.

The guideline value for Ambethkar 1st Main Right 5th 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 5th Cross Street

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Ambethkar 1st Main Right 5th Cross Street guideline value

The current guideline value of Ambethkar 1st Main Right 5th Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024. 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 5th Cross Street has changed

Over the years, the guideline value for Ambethkar 1st Main Right 5th Cross Street has seen several revisions. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 1,474 per sq.ft. The register does not contain figures for the years 2002, 2003, and 2007.

In 2023, the guideline value increased to Rs 2,200 per sq.ft, and in the latest revision for 2024, it rose to Rs 2,420 per sq.ft, marking a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value in this area is Rs 2,530 per sq.ft, placing the 2024 guideline value of Ambethkar 1st Main Right 5th Cross Street below this median.

Stamp duty and registration fee for property in Ambethkar 1st Main Right 5th 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. 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 more details.

Which Sub Registrar Office covers Ambethkar 1st Main Right 5th Cross Street?

The Sub Registrar Office covering Ambethkar 1st Main Right 5th 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. You can find your SRO for further assistance.

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

The guideline value is a crucial reference for property transactions in Manapakkam, determining the minimum value at which properties can be registered. It helps in calculating the stamp duty and registration fees that buyers need to pay during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This process is essential for maintaining transparency and integrity in real estate transactions.

Frequently asked questions

What is the current guideline value of Ambethkar 1st Main Right 5th Cross Street?

The current guideline value of Ambethkar 1st Main Right 5th Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 2,200 per sq.ft in 2023 to Rs 2,420 per sq.ft in 2024, a change of 10%. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification for this street?

Ambethkar 1st Main Right 5th Cross Street is classified as Residential Class III Type - I.

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

The Sub Registrar Office for Ambethkar 1st Main Right 5th Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is stamp duty calculated for properties in this area?

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