Guideline Value

Corporate

Guideline Value for AMBETHKAR ARCOT CROSS ROAD

₹2420/sq.ft.

The guideline value for Ambethkar Arcot 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 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹155 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹139 /sq.ft.
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 Arcot Cross Road

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Ambethkar Arcot Cross Road guideline value

The current guideline value of Ambethkar Arcot 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, with a land classification of Residential Class III Type - I.

How the guideline value of Ambethkar Arcot Cross Road has changed

The guideline value for Ambethkar Arcot Cross Road has seen several revisions over the years. In 2002, the value was Rs 139 per sq.ft, which increased to Rs 155 per sq.ft in 2003. The next significant jump occurred in 2007, with the value rising to Rs 400 per sq.ft, followed by a substantial increase to Rs 2,200 per sq.ft in 2012. However, there was a decrease to Rs 1,474 per sq.ft in 2017. The value then rose to Rs 2,200 per sq.ft in 2023, before reaching the current rate of Rs 2,420 per sq.ft in 2024.

Between the revisions, the most notable changes include a 450% increase from 2007 to 2012, and a 49% increase from 2017 to 2023. The overall increase from 2002 to 2024 is 1,641%. There are no figures available for any other years 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, placing the guideline value of Ambethkar Arcot Cross Road below that median.

Stamp duty and registration fee for property in Ambethkar Arcot Cross Road

For a 1,000 sq.ft plot at the current rate of Rs 2,420 per sq.ft, the 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, making the total 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambethkar Arcot Cross Road?

The Sub Registrar Office that covers Ambethkar Arcot 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 plays a crucial role when buying or selling property in Manapakkam. It is used to determine the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value is set by the government and is subject to periodic revisions, reflecting changes in the real estate market.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Ambethkar Arcot Cross Road?

The current guideline value of Ambethkar Arcot 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 139 per sq.ft in 2002 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of 1,641% over the years.

What is the land classification for Ambethkar Arcot Cross Road?

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

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

The Chennai South Joint I Sub Registrar Office covers Ambethkar Arcot Cross Road, 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 of the property. For example, a property valued at Rs 24,20,000 would incur a stamp duty of Rs 1,69,400 at a rate of 7%.