Guideline Value

Corporate

Guideline Value for AMBETHKAR 3RD CROSS ROAD

₹2420/sq.ft.

The guideline value for Ambethkar 3rd Cross 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 3rd Cross Road

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Ambethkar 3rd Cross Road guideline value

The current guideline value of Ambethkar 3rd Cross Road 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 and is classified as Residential Class III Type - I.

How the guideline value of Ambethkar 3rd Cross Road has changed

The guideline value for Ambethkar 3rd Cross Road has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. However, the value saw a significant increase to Rs 2,200 per sq.ft in the 2023 revision, followed by the current value of Rs 2,420 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no 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, with guideline values ranging from Rs 1,100 to Rs 12,800 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing the guideline value of Ambethkar 3rd Cross Road below this median.

Stamp duty and registration fee for property in Ambethkar 3rd Cross 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 fees together to Rs 2,17,800. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambethkar 3rd Cross Road?

The Sub Registrar Office that covers Ambethkar 3rd Cross 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 is an essential factor in the registration of property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is conducted fairly and transparently.

When buying or selling property, the guideline value will influence the stamp duty and registration fees that need to be paid. Buyers should be aware that the duty is charged on the higher of the guideline value and the sale price, which may affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Ambethkar 3rd Cross Road?

The current guideline value of Ambethkar 3rd Cross 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 2012 to Rs 1,474 per sq.ft in 2017, then to Rs 2,200 per sq.ft in 2023, and currently stands at Rs 2,420 per sq.ft in 2024.

What is the land classification of Ambethkar 3rd Cross Road?

Ambethkar 3rd Cross Road is classified as Residential Class III Type - I.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot at Rs 2,420 per sq.ft, the total fees would amount to Rs 2,17,800.

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Ambethkar 3rd Cross Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.