Guideline Value for AMBETHKAR 5TH MAIN ROAD RIGHT CROSS STREET

Ambethkar 5th Main Road Right Cross Street guideline value

The current guideline value of Ambethkar 5th Main Road Right 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 5th Main Road Right Cross Street has changed

The guideline value for Ambethkar 5th Main Road Right Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was later reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,200 per sq.ft in 2023, and then rose again to the current value of Rs 2,420 per sq.ft in 2024, marking a 10% increase from the previous year.

In terms of percentage changes, the value increased by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has seen a modest increase of 10%. The register does not contain 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 have 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, making the guideline value of Ambethkar 5th Main Road Right Cross Street below the median.

• Ambethkar 5th Main Road Left Cross Street: Rs 2,200 per sq.ft (2024)
• Ambethkar Arcot Cross Road: Rs 2,420 per sq.ft (2024)
• Ambethkar 5th Main Road: Rs 2,420 per sq.ft (2024)
• Ambethkar 5th Cross Street: Rs 2,200 per sq.ft (2024)
• Ambethkar 4th Main Road: Rs 2,420 per sq.ft (2024)
• Ambethkar 4th Cross Street: Rs 2,420 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar 5th Main Road Right 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 would be Rs 24,20,000. The stamp duty at 7% would amount to Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total to Rs 2,17,800. Please 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 5th Main Road Right Cross Street?

The Sub Registrar Office that covers Ambethkar 5th Main Road Right 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 information.

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

The guideline value is a crucial factor in the registration process for property transactions in Manapakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is conducted fairly and transparently.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transaction. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can significantly impact the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value for Ambethkar 5th Main Road Right Cross Street?

The current guideline value for Ambethkar 5th Main Road Right 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 seen several revisions, with the most recent increase being from Rs 2,200 per sq.ft in 2023 to Rs 2,420 per sq.ft in 2024. Overall, the value has increased by 10% from 2012 to 2024.

What are the other streets with guideline values in Manapakkam?

Other streets in Manapakkam include Ambethkar 5th Main Road Left Cross Street at Rs 2,200 per sq.ft, Ambethkar Arcot Cross Road at Rs 2,420 per sq.ft, and several others, with values ranging from Rs 1,100 to Rs 12,800 per sq.ft.

What is the registration fee for property in Ambethkar 5th Main Road Right Cross Street?

The registration fee for property in Ambethkar 5th Main Road Right Cross Street is calculated based on the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 24,20,000, the registration fee would be Rs 48,400 at a rate of 2%.

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

The Sub Registrar Office for Ambethkar 5th Main Road Right Cross Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find more information about your SRO through the provided link.