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Guideline Value

Corporate

Guideline Value for Ambedkar Salai, Enfield Avenue

₹3850/sq.ft.

The guideline value for Ambedkar Salai, Enfield Avenue in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. It was Rs 3500 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

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /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 N/A
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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Ambedkar Salai, Enfield Avenue

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Ambedkar Salai, Enfield Avenue guideline value

The current guideline value of Ambedkar Salai, Enfield Avenue is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village, which falls under the Velacheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Ambedkar Salai, Enfield Avenue has changed

The guideline value for Ambedkar Salai has undergone several revisions over the years. The 2017 revision set the value at Rs 2,345 per sq.ft. This figure increased significantly to Rs 3,500 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 further increased the value by 10%, bringing it to Rs 3,850 per sq.ft.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. Ambedkar Salai's current guideline value is above this median.

Stamp duty and registration fee for property in Ambedkar Salai, Enfield Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, while the registration fee at 2% would be Rs 77,000, resulting in a total of Rs 3,46,500. It is important to note that the 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 detailed calculations.

Which Sub Registrar Office covers Ambedkar Salai, Enfield Avenue?

The Sub Registrar Office that covers Ambedkar Salai, Enfield Avenue is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Madipakkam-1

The guideline value plays a crucial role during the registration process of property transactions. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold in Madipakkam-1.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. 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 Ambedkar Salai, Enfield Avenue?

The current guideline value of Ambedkar Salai, Enfield Avenue is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,345 per sq.ft to Rs 3,850 per sq.ft in 2024, representing an overall increase of 64%.

What are the other streets in Madipakkam-1 with the same guideline value?

Other streets in Madipakkam-1 that share the same guideline value of Rs 3,850 per sq.ft include Ambedkar Salai, Periyar Nagar Extn, Ambedkar Road (Periyar Nagar Extn. Main Road), Ambedkar (Dr) Street, Periyar Nagar, and Ambedkar (Dr) Salai, Periyar Nagar Main Road.

What is the registration fee for property in Ambedkar Salai?

The registration fee for property in Ambedkar Salai is calculated at 2% of the guideline value. For a 1,000 sq.ft plot at the current rate, the registration fee would amount to Rs 77,000.

How is stamp duty calculated for properties in Madipakkam-1?

Stamp duty in Madipakkam-1 is calculated at 7% on the higher of the guideline value or the sale price. This ensures that the appropriate duty is charged based on the value of the property being registered.