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Guideline Value

Corporate

Guideline Value for Ambedkar Nagar 1 to 7 Street

₹3800/sq.ft.

The guideline value for Ambedkar Nagar 1 To 7 Street in Konnur village (Konnur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Konnur

Village

Konnur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
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)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[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 Ambedkar Nagar 1 To 7 Street

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Ambedkar Nagar 1 to 7 Street guideline value

The current guideline value for Ambedkar Nagar 1 to 7 Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Konnur village, under the Konnur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ambedkar Nagar 1 to 7 Street has changed

The guideline value for Ambedkar Nagar 1 to 7 Street has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, reflecting a rise of 400%. However, this value decreased to Rs 2,345 per sq.ft in 2017, a decline of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, followed by a further increase to Rs 3,800 per sq.ft in 2024, marking a 9% rise.

It is important to note that there are no recorded figures for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 443%.

Guideline values in Konnur

In Konnur village, there are 249 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, which matches the current guideline value for Ambedkar Nagar 1 to 7 Street.

Stamp duty and registration fee for property in Ambedkar Nagar 1 to 7 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Ambedkar Nagar 1 to 7 Street?

The Sub Registrar Office that covers Ambedkar Nagar 1 to 7 Street is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Konnur. It is used to determine the stamp duty and registration fees applicable during the property registration process. Buyers must be aware that the guideline value is often considered the minimum value for taxation purposes.

When a property is sold, the guideline value helps ensure that the transaction is transparent and reflects the prevailing market conditions. Buyers and sellers should refer to the guideline value to understand their financial obligations during the registration of the property.

Frequently asked questions

What is the current guideline value of Ambedkar Nagar 1 to 7 Street?

The current guideline value for Ambedkar Nagar 1 to 7 Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 443% over the years.

What are the stamp duty and registration fees for property in Ambedkar Nagar 1 to 7 Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 38,00,000. The stamp duty at 7% is Rs 2,66,000, and the registration fee at 2% is Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office covers Ambedkar Nagar 1 to 7 Street?

The Konnur Sub Registrar Office covers Ambedkar Nagar 1 to 7 Street, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification for Ambedkar Nagar 1 to 7 Street?

Ambedkar Nagar 1 to 7 Street is classified as Residential Class II Type - I.