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Guideline Value

Corporate

Guideline Value for AMBETHKAR 2ND MAIN LEFT RIGHT 1ST CROSS STREET

₹2420/sq.ft.

The guideline value for Ambethkar 2nd Main Left Right 1st 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 Left Right 1st Cross Street

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Ambethkar 2nd Main Left Right 1st Cross Street guideline value

The current guideline value of Ambethkar 2nd Main Left Right 1st 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 Left Right 1st Cross Street has changed

The guideline value has undergone several revisions over the years. In 2012, the guideline value was Rs 2,200 per sq.ft. This figure remained unchanged until 2017 when it dropped to Rs 1,474 per sq.ft, marking a decrease of 33%. The value then saw a significant increase to Rs 2,200 per sq.ft in 2023, followed by a further rise to Rs 2,420 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value increased by 10%. It is important to note that there are no figures available 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 that carry 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, indicating that the guideline value for Ambethkar 2nd Main Left Right 1st Cross Street is below this median.

Stamp duty and registration fee for property in Ambethkar 2nd Main Left Right 1st 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 or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Ambethkar 2nd Main Left Right 1st Cross Street?

The Sub Registrar Office that covers Ambethkar 2nd Main Left Right 1st 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 a critical factor in property registration, as it determines the minimum value at which a property can be registered. When buying or selling property in Manapakkam, the guideline value is used to calculate stamp duty and registration fees, ensuring that the transaction is legally recognized.

It is essential to be aware that the guideline value is subject to periodic revisions, which reflect changes in the real estate market and local development. Buyers and sellers should stay informed about these changes to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Ambethkar 2nd Main Left Right 1st Cross Street?

The current guideline value of Ambethkar 2nd Main Left Right 1st 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 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 2nd Main Left Right 1st Cross Street is classified as Residential Class III Type - I.

What are the stamp duty and registration fees for this property?

For a 1,000 sq.ft plot, the total guideline value is Rs 24,20,000. The stamp duty at 7% is Rs 1,69,400, and the registration fee at 2% is Rs 48,400, totaling Rs 2,17,800.

Which office handles the registration for this street?

The registration for Ambethkar 2nd Main Left Right 1st Cross Street is handled by 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.