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Guideline Value

Corporate

Guideline Value for AMBETHKAR NAGAR 3RD MAIN ROAD

₹2420/sq.ft.

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

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Ambethkar Nagar 3rd Main Road guideline value

The current guideline value of Ambethkar Nagar 3rd Main Road 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 Nagar 3rd Main Road has changed

The guideline value for Ambethkar Nagar 3rd Main Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 139 per sq.ft. This increased to Rs 155 per sq.ft in 2003, followed by a significant rise to Rs 400 per sq.ft in 2007. The value then rose dramatically to Rs 2,200 per sq.ft in 2012, but saw a decrease 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 finally 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 1641%. The revisions for the years 2017, 2023, and 2024 reflect significant changes, with a 49% increase from 2017 to 2023 and a 450% increase from 2007 to 2012. There are no figures available in the register for other years regarding this street.

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 in this area is Rs 2,530 per sq.ft, placing Ambethkar Nagar 3rd Main Road's 2024 figure below that median.

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

The Sub Registrar Office that covers Ambethkar Nagar 3rd 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 further assistance.

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

The guideline value plays a crucial role during property transactions in Manapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. 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 3rd Main Road?

The current guideline value of Ambethkar Nagar 3rd 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 changed significantly, starting from Rs 139 per sq.ft in 2002 to Rs 2,420 per sq.ft in 2024, reflecting an overall increase of 1641% over the years.

What is the land classification for Ambethkar Nagar 3rd Main Road?

The land classification for Ambethkar Nagar 3rd Main 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 3rd Main Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,17,800.