Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for AMBETHKAR NAGAR 3RD MAIN CROSS ROAD

₹2420/sq.ft.

The guideline value for Ambethkar Nagar 3rd Main 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 Nagar 3rd Main Cross Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Ambethkar Nagar 3rd Main Cross Road guideline value

The current guideline value of Ambethkar Nagar 3rd Main Cross Road is Rs 2,420 per sq.ft, effective from 1 July 2024. This road is located in Manapakkam village, under the Chennai South Joint I SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Ambethkar Nagar 3rd Main Cross Road has changed

The guideline value 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. Following this, there was a significant rise to Rs 400 per sq.ft in 2007. The value then jumped to Rs 2,200 per sq.ft in 2012, before dropping to Rs 1,474 per sq.ft in 2017. The most recent revisions show an increase to Rs 2,200 per sq.ft in 2023, and then to Rs 2,420 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,641%. The register has no figure for the years not mentioned in this summary.

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 guideline value of Ambethkar Nagar 3rd Main Cross Road slightly below this median.

Stamp duty and registration fee for property in Ambethkar Nagar 3rd Main Cross Road

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 2,17,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambethkar Nagar 3rd Main Cross Road?

The Sub Registrar Office that covers Ambethkar Nagar 3rd Main 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 is a crucial factor when buying or selling property in Manapakkam. It serves as a benchmark for determining the minimum value of a property during registration. Buyers and sellers must be aware that the guideline value will influence the stamp duty and registration fees applicable during the transaction.

When a property is sold, the guideline value is compared to the sale price. The higher of the two figures is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is registered at a value that reflects the current market conditions as defined by the government.

Frequently asked questions

What is the current guideline value of Ambethkar Nagar 3rd Main Cross Road?

The current guideline value of Ambethkar Nagar 3rd Main 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 this period.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 24,20,000, the stamp duty would be Rs 1,69,400 and the registration fee would be Rs 48,400, totaling Rs 2,17,800.

Which Sub Registrar Office covers this area?

The Chennai South Joint I Sub Registrar Office covers Ambethkar Nagar 3rd Main Cross Road, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the median guideline value in Manapakkam?

The median guideline value for streets in Manapakkam is Rs 2,530 per sq.ft, while Ambethkar Nagar 3rd Main Cross Road has a guideline value of Rs 2,420 per sq.ft, which is slightly below the median.