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Guideline Value

Corporate

Guideline Value for AMBETHKAR NAGAR 2ND MAIN ROAD

₹2420/sq.ft.

The guideline value for Ambethkar Nagar 2nd Main 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 Nagar 2nd Main Road

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Ambethkar Nagar 2nd Main Road guideline value

The current guideline value of Ambethkar Nagar 2nd Main Road is Rs 2,420 per sq.ft, effective from 1 July 2024. This road 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 2nd Main Road has changed

The guideline value for Ambethkar Nagar 2nd Main Road has experienced 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, marking a 12% rise. Following this, the value saw a significant increase to Rs 400 per sq.ft in 2007, reflecting a 158% change. The next revision in 2012 set the value back to Rs 2,200 per sq.ft, a decrease of 450% from the previous figure.

In 2017, the guideline value rose to Rs 1,474 per sq.ft, which was a 33% decrease from 2012. The value continued to increase, reaching Rs 2,200 per sq.ft in 2023, and then to Rs 2,420 per sq.ft in 2024, which is a 10% increase from the previous year. Overall, the guideline value has increased by 1,641% from 2002 to 2024.

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 guideline value for these streets is Rs 2,530 per sq.ft, making the current value of Ambethkar Nagar 2nd Main Road below this median.

Stamp duty and registration fee for property in Ambethkar Nagar 2nd Main 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 to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your specific fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambethkar Nagar 2nd Main Road?

The Sub Registrar Office covering Ambethkar Nagar 2nd Main 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 details.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Manapakkam. It serves as a reference point for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Ambethkar Nagar 2nd Main Road?

The current guideline value of Ambethkar Nagar 2nd Main 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 seen significant changes, starting from Rs 139 per sq.ft in 2002 to Rs 2,420 per sq.ft in 2024, representing an overall increase of 1,641%.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 2,17,800 in fees.

Which office handles registrations for Ambethkar Nagar 2nd Main Road?

The Chennai South Joint I Sub Registrar Office handles registrations for Ambethkar Nagar 2nd Main Road, 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 Nagar 2nd Main Road?

The land classification for Ambethkar Nagar 2nd Main Road is Residential Class III Type - I, indicating its suitability for residential purposes.