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Guideline Value

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Guideline Value for AMBETHKAR NAGAR 1ST MAIN ROAD 5TH CROSS RIVER VIEW COLONY LINK ROAD

₹2420/sq.ft.

The guideline value for Ambethkar Nagar 1st Main Road 5th Cross River View Colony Link 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 Nagar 1st Main Road 5th Cross River View Colony Link Road

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Ambethkar Nagar 1st Main Road 5th Cross River View Colony Link Road guideline value

The current guideline value for Ambethkar Nagar 1st Main Road 5th Cross River View Colony Link Road is Rs 2,420 per sq.ft, effective from 1 July 2024. This property 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 Nagar 1st Main Road 5th Cross River View Colony Link Road has changed

The guideline value for this street has seen several revisions over the years. Starting with the 2012 revision, the value was Rs 2,200 per sq.ft. It then decreased to Rs 1,474 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 2,200 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 2,420 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Manapakkam

In Manapakkam, there are 368 streets under the Chennai South Joint I SRO with 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 current value for Ambethkar Nagar 1st Main Road 5th Cross River View Colony Link Road below the median.

Stamp duty and registration fee for property in Ambethkar Nagar 1st Main Road 5th Cross River View Colony Link 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 to Rs 2,17,800. Please note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Ambethkar Nagar 1st Main Road 5th Cross River View Colony Link Road?

The Sub Registrar Office that covers Ambethkar Nagar 1st Main Road 5th Cross River View Colony Link 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 property transactions in Manapakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

Additionally, the guideline value serves as a reference point for buyers and sellers to understand the market conditions in the area. It is crucial for all parties to be informed about the guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value for Ambethkar Nagar 1st Main Road 5th Cross River View Colony Link Road?

The current guideline value for Ambethkar Nagar 1st Main Road 5th Cross River View Colony Link 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 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 area?

The land classification for Ambethkar Nagar 1st Main Road 5th Cross River View Colony Link Road is Residential Class III Type - I.

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

The Sub Registrar Office for Ambethkar Nagar 1st Main Road 5th Cross River View Colony Link 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.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 24,20,000 would incur a stamp duty of Rs 1,69,400 at 7%.