Guideline Value

Corporate

Guideline Value for AMBETHKAR NAGAR SALAI

₹2420/sq.ft.

The guideline value for Ambethkar Nagar Salai 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 Salai

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Ambethkar Nagar Salai guideline value

The current guideline value of Ambethkar Nagar Salai 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, and is classified as Residential Class III Type - I.

How the guideline value of Ambethkar Nagar Salai has changed

The guideline value for Ambethkar Nagar Salai has undergone several revisions over the years. The 2012 revision set the value at Rs 2,200 per sq.ft, which was then reduced to Rs 1,474 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,200 per sq.ft, and the most recent 2024 revision has further raised it to Rs 2,420 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it saw a further increase of 10%. Overall, the guideline value has increased by 10% from 2012 to 2024.

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 guideline value for these streets is Rs 2,530 per sq.ft, making the 2024 figure for Ambethkar Nagar Salai below that median.

Stamp duty and registration fee for property in Ambethkar Nagar Salai

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. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambethkar Nagar Salai?

The Sub Registrar Office that covers Ambethkar Nagar Salai 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 in the property registration process in Manapakkam. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure they are prepared for the associated costs during the registration process.

When registering a property, the guideline value is compared with the sale price, and duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Ambethkar Nagar Salai?

The current guideline value of Ambethkar Nagar Salai 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, with the 2012 revision at Rs 2,200 per sq.ft, dropping to Rs 1,474 per sq.ft in 2017, and then increasing to Rs 2,200 per sq.ft in 2023. The latest revision in 2024 has set the value at Rs 2,420 per sq.ft.

What are the other streets with the same guideline value in Manapakkam?

Several other streets in Manapakkam also have the same guideline value of Rs 2,420 per sq.ft for 2024, including Ambethkar Nagar River Joint Road, Ambethkar Nagar Right Cross Street, Ambethkar Nagar Left Cross Street, Ambethkar Nagar 3rd Main Road, Ambethkar Nagar 3rd Main Cross Road, and Ambethkar Nagar 2nd Main Road.

What is the registration fee for properties in Ambethkar Nagar Salai?

The registration fee for properties in Ambethkar Nagar Salai is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 24,20,000, the registration fee would be Rs 48,400 at a rate of 2%.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting 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. For more details, you can use the find your SRO link.