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Guideline Value

Corporate

Guideline Value for AMBETHKAR 2ND MAIN 2ND CROSS STREET

₹2420/sq.ft.

The guideline value for Ambethkar 2nd Main 2nd 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 2nd Main 2nd Cross Street

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Ambethkar 2nd Main 2nd Cross Street guideline value

The current guideline value of Ambethkar 2nd Main 2nd Cross Street 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 2nd Main 2nd Cross Street has changed

The guideline value for Ambethkar 2nd Main 2nd Cross Street has seen several revisions over the years. The 2012 revision was set at Rs 2,200 per sq.ft, which was a decrease of 33% from the previous figure of Rs 1,474 per sq.ft in 2017. The 2023 revision brought the value up to Rs 2,200 per sq.ft, and the most recent 2024 revision increased it by 10% to Rs 2,420 per sq.ft.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Manapakkam

Manapakkam has a total of 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, making the current value of Rs 2,420 per sq.ft for Ambethkar 2nd Main 2nd Cross Street below the median.

Stamp duty and registration fee for property in Ambethkar 2nd Main 2nd 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 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 Ambethkar 2nd Main 2nd Cross Street?

The Sub Registrar Office that covers Ambethkar 2nd Main 2nd 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, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Manapakkam, as it determines the amount of stamp duty and registration fees payable during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements and to accurately calculate the costs involved.

When a property is registered, the guideline value or the sale price is considered to determine the applicable duties. It is important for both parties in a transaction to understand these figures to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Ambethkar 2nd Main 2nd Cross Street?

The current guideline value of Ambethkar 2nd Main 2nd 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 changed from Rs 2,200 per sq.ft in 2023 to Rs 2,420 per sq.ft in 2024, marking a 10% increase. From 2017 to 2023, it increased by 49%, while from 2012 to 2017, it decreased by 33%.

What is the land classification for Ambethkar 2nd Main 2nd Cross Street?

The land classification for Ambethkar 2nd Main 2nd Cross Street is Residential Class III Type - I, indicating its suitability for residential purposes.

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

The Sub Registrar Office covering Ambethkar 2nd Main 2nd Cross Street is 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. For example, for a property valued at Rs 24,20,000, the stamp duty at 7% would be Rs 1,69,400.