Guideline Value for Ambedkar Cross St
₹1100/sq.ft.
The guideline value for Ambedkar Cross St in Peerklankaranai village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Peerklankaranai
Village
Tambaram Joint 1
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹1100 /sq.ft. |
| From 1-4-2023 | ₹1000 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹670 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹1000 /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.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
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Ambedkar Cross St guideline value
The current guideline value of Ambedkar Cross St is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village, under the Tambaram Joint 1 SRO, and is classified as Residential Class II Type - I.
How the guideline value of Ambedkar Cross St has changed
The guideline value for Ambedkar Cross St has seen several revisions over the years. In 2012, the guideline value was Rs 1,000 per sq.ft. This figure remained unchanged until 2017, when it decreased to Rs 670 per sq.ft. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2012 and then rose to Rs 1,100 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.
From 2012 to 2024, the overall change in guideline value is an increase of 10%. The value jumped by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.
Guideline values in Peerklankaranai
In Peerklankaranai village, there are 322 streets under the Tambaram Joint 1 SRO that have a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing the 2024 guideline value of Ambedkar Cross St below this median.
- Ambethkar Street (B Zone): Rs 1,100 per sq.ft (2024)
- Ambethkar Street (C Zone): Rs 1,100 per sq.ft (2024)
- Ambethkar Street ward 15th: Rs 1,100 per sq.ft (2024)
- Amman koil 1st St: Rs 1,650 per sq.ft (2024)
- Amman Koil 2nd Cross Street: Rs 1,650 per sq.ft (2024)
- Amman koil 2nd St: Rs 1,650 per sq.ft (2024)
Stamp duty and registration fee for property in Ambedkar Cross St
For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Ambedkar Cross St?
The Sub Registrar Office that covers Ambedkar Cross St is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Peerklankaranai
The guideline value is a crucial factor when registering property transactions in Peerklankaranai. It serves as a benchmark for calculating the stamp duty and registration fees that buyers and sellers are required to pay during the registration process.
When a property is bought or sold, the guideline value helps ensure that the transaction is recorded at a fair value, reflecting the current market conditions as determined by the Registration Department. This value is essential for both buyers and sellers to understand their financial obligations during a property transaction.
Frequently asked questions
What is the current guideline value of Ambedkar Cross St?
The current guideline value of Ambedkar Cross St is Rs 1,100 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed several times, with the most recent increase of 10% from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024. The value saw a significant increase of 49% from 2017 to 2023.
What is the land classification for Ambedkar Cross St?
Ambedkar Cross St is classified as Residential Class II Type - I, indicating its suitability for residential development.
What are the guideline values for other streets in Peerklankaranai?
Other streets in Peerklankaranai have varying guideline values, with rates ranging from Rs 880 to Rs 4,400 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft.
Where is the Tambaram Joint 1 Sub Registrar Office located?
The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.
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