Guideline Value

Corporate

Guideline Value for AMBETHKAR 1ST MAIN ROAD

₹2420/sq.ft.

The guideline value for Ambethkar 1st Main Road 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 Road

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Ambethkar 1st Main Road guideline value

The current guideline value of Ambethkar 1st Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Manapakkam village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Ambethkar 1st Main Road has changed

The guideline value for Ambethkar 1st Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was a decrease of 33% from Rs 1,474 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 2,200 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,420 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value is Rs 2,530 per sq.ft, which indicates that the guideline value of Ambethkar 1st Main Road is below this median.

Stamp duty and registration fee for property in Ambethkar 1st Main Road

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 cost to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambethkar 1st Main Road?

The Sub Registrar Office that covers Ambethkar 1st Main Road 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 more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Manapakkam. It serves as the benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the transaction must be registered at the Sub Registrar Office, where the guideline value will be used to determine the applicable fees. Buyers should be aware that the guideline value may differ from the actual sale price, but the duty is charged based on the higher of the two amounts.

Frequently asked questions

What is the current guideline value of Ambethkar 1st Main Road?

The current guideline value of Ambethkar 1st Main Road 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 changed from Rs 2,200 per sq.ft in 2023 to Rs 2,420 per sq.ft in 2024, a 10% increase. It was Rs 1,474 per sq.ft in 2017 and Rs 2,200 per sq.ft in 2012, showing a significant increase over the years.

What is the land classification for Ambethkar 1st Main Road?

The land classification for Ambethkar 1st Main Road is Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Ambethkar 1st Main Road?

The Sub Registrar Office for Ambethkar 1st Main Road 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 Manapakkam?

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