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Guideline Value

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Guideline Value for Ambal Nagar,Ponniammanmedu (Ward-24)

₹2200/sq.ft.

The guideline value for Ambal Nagar,ponniammanmedu (ward-24) in Madhavaram village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madhavaram

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2000 /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)

No.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Ambal Nagar,ponniammanmedu (ward-24)

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Ambal Nagar,Ponniammanmedu (Ward-24) guideline value

The current guideline value of Ambal Nagar, Ponniammanmedu (Ward-24) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area falls under Madhavaram village and is classified as Residential Class I Type - I. The guideline value is determined by the Madhavaram SRO.

How the guideline value of Ambal Nagar,Ponniammanmedu (Ward-24) has changed

The guideline value for Ambal Nagar, Ponniammanmedu has seen several revisions over the years. In 2012, the guideline value was Rs 2,000 per sq.ft, which remained unchanged until the 2023 revision. In 2023, it was again Rs 2,000 per sq.ft, but in 2024, the value increased to Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

There were no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO, with 2024 guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median guideline value in this area is Rs 1,600 per sq.ft, making the current value of Ambal Nagar, Ponniammanmedu (Ward-24) above this median.

Stamp duty and registration fee for property in Ambal Nagar,Ponniammanmedu (Ward-24)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ambal Nagar,Ponniammanmedu (Ward-24)?

The Sub Registrar Office that covers Ambal Nagar, Ponniammanmedu (Ward-24) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a critical factor when buying or selling property in Madhavaram. It serves as a benchmark for the registration of property transactions and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value helps determine the official value of the property for registration purposes. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Ambal Nagar, Ponniammanmedu?

The current guideline value of Ambal Nagar, Ponniammanmedu (Ward-24) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,000 per sq.ft from 2012 to 2023 and then increased to Rs 2,200 per sq.ft in 2024. Overall, there has been a 10% increase from 2012 to 2024.

What is the stamp duty for property in Ambal Nagar?

The stamp duty for property in Ambal Nagar is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

Where is the Madhavaram Sub Registrar Office located?

The Madhavaram Sub Registrar Office is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.

What is the median guideline value in Madhavaram?

The median guideline value in Madhavaram is Rs 1,600 per sq.ft. The guideline value for Ambal Nagar is above this median, reflecting its current value of Rs 2,200 per sq.ft.