Guideline Value

Corporate

Guideline Value for Ambedkar Salai

₹3850/sq.ft.

The guideline value for Ambedkar Salai 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

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Ambedkar Salai guideline value

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

How the guideline value of Ambedkar Salai has changed

Over the years, the guideline value for Ambedkar Salai has seen significant changes. The 2017 revision recorded a value of Rs 2,345 per sq.ft. This was followed by a substantial increase to Rs 3,500 per sq.ft in the 2023 revision, marking a 49% rise. The current rate of Rs 3,850 per sq.ft from the 2024 revision reflects a further increase of 10% from the previous year.

It is important to note that there are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. Overall, the guideline value has increased by 64% from 2017 to 2024.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1,823 streets under the Velacheri SRO, with guideline values ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, positioning Ambedkar Salai's 2024 figure above this median.

Stamp duty and registration fee for property in Ambedkar Salai

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, charged at 7%, would be Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, the stamp duty and registration fee would total 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 details.

Which Sub Registrar Office covers Ambedkar Salai?

The Sub Registrar Office that covers Ambedkar Salai 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 more information.

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

The guideline value is a critical factor in property transactions in Madipakkam-1, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration requirements.

During the registration process, the guideline value is used to calculate applicable stamp duty and registration fees, which are mandatory for property transactions. It is essential for both buyers and sellers to be aware of these values to avoid any discrepancies during the registration of property.

Frequently asked questions

What is the current guideline value of Ambedkar Salai?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,345 per sq.ft in 2017 to Rs 3,850 per sq.ft in 2024, representing an overall increase of 64%. The value also rose from Rs 3,500 per sq.ft in 2023 to Rs 3,850 per sq.ft in 2024.

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

Other streets in Madipakkam-1 with the same guideline value of Rs 3,850 per sq.ft in 2024 include Ambedkar Salai, Enfield Avenue, Ambedkar Road(Periyar Nagar Extn. Main Road), Ambedkar Salai, Periyar Nagar Extn, Ambedkar (Dr) Street, Periyar Nagar, and Ambedkar (Dr) Salai, Periyar Nagar Main Road.

What is the stamp duty for property in Ambedkar Salai?

The stamp duty for property in Ambedkar Salai is calculated at 7% of the guideline value. For a property valued at Rs 38,50,000, the stamp duty would amount to Rs 2,69,500.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. This office handles property registrations for Ambedkar Salai and surrounding areas.