Guideline Value

Corporate

Guideline Value for AMBETHKAR 4TH CROSS STREET

₹2420/sq.ft.

The guideline value for Ambethkar 4th 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 4th Cross Street

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Ambethkar 4th Cross Street guideline value

The current guideline value of Ambethkar 4th 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 4th Cross Street has changed

The guideline value for Ambethkar 4th Cross Street has seen several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,200 per sq.ft. This was followed by a decrease to Rs 1,474 per sq.ft in the 2017 revision. The 2023 revision marked an increase to Rs 2,200 per sq.ft, and the most recent revision in 2024 has adjusted the value to Rs 2,420 per sq.ft.

Between the revisions, notable changes include a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The overall change from 2012 to 2024 shows a 10% increase. 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 that carry a 2024 guideline value ranging from Rs 1,100 to Rs 12,800 per sq.ft, with a median value of Rs 2,530 per sq.ft. The guideline value for Ambethkar 4th Cross Street is below this median.

Stamp duty and registration fee for property in Ambethkar 4th Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 24,20,000. The stamp duty is charged at 7%, totaling Rs 1,69,400, and the registration fee is at 2%, amounting to Rs 48,400. Together, these fees amount to Rs 2,17,800. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Ambethkar 4th Cross Street?

The Sub Registrar Office that covers Ambethkar 4th 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 more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Manapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the government receives appropriate revenue through these fees. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Ambethkar 4th Cross Street?

The current guideline value of Ambethkar 4th 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 significantly, with the most notable increase being 49% from 2017 to 2023. The overall change from 2012 to 2024 shows a 10% increase.

What are the stamp duty and registration fees for property in Ambethkar 4th Cross Street?

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

Which Sub Registrar Office covers this street?

The Chennai South Joint I Sub Registrar Office covers Ambethkar 4th Cross Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification for Ambethkar 4th Cross Street?

The land classification for Ambethkar 4th Cross Street is Residential Class III Type - I, indicating its suitability for residential purposes.