Guideline Value

Corporate

Guideline Value for Ambedkar Street

₹275/sq.ft.

The guideline value for Ambedkar Street in Orakadu & Kiruthalapuram village (Redhills SRO, Chennai zone) is Rs 275 per sq.ft, effective 1 July 2024. It was Rs 250 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:

Chennai

Zone

Orakadu & Kiruthalapuram

Village

Redhills

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹275 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /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 Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Street

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Ambedkar Street guideline value

The current guideline value of Ambedkar Street is Rs 275 per sq.ft, effective from 1 July 2024. This street is located in Orakadu & Kiruthalapuram village under the Redhills SRO, classified as Residential Class II Type - I.

How the guideline value of Ambedkar Street has changed

The guideline value for Ambedkar Street has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 200 per sq.ft, which increased to Rs 250 per sq.ft in 2012. However, during the 2017 revision, the value decreased to Rs 167 per sq.ft. This was followed by a significant increase to Rs 250 per sq.ft in 2023, and the latest revision in 2024 raised it to Rs 275 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 38%. It is important to note that there are no figures available for Ambedkar Street in the 2002 and 2003 revisions.

Guideline values in Orakadu & Kiruthalapuram

In Orakadu & Kiruthalapuram, there are 34 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 275 to Rs 900 per sq.ft, with a median value of Rs 385 per sq.ft. Ambedkar Street's guideline value is below this median.

Stamp duty and registration fee for property in Ambedkar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 275 per sq.ft, the total guideline value would be Rs 2,75,000. The stamp duty at 7% would amount to Rs 19,250, and the registration fee at 2% would be Rs 5,500, bringing the total fees to Rs 24,750. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambedkar Street?

The Sub Registrar Office that covers Ambedkar Street is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Orakadu & Kiruthalapuram

The guideline value plays a crucial role during property transactions in Orakadu & Kiruthalapuram. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value is set by the government and is regularly revised to reflect changes in the market.

When registering a property, buyers must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions, and the guideline value serves as a benchmark for both buyers and sellers in the real estate market.

Frequently asked questions

What is the current guideline value of Ambedkar Street?

The current guideline value of Ambedkar Street is Rs 275 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 275 per sq.ft in 2024, with various revisions in between, including a decrease in 2017 and increases in 2023 and 2024.

What is the land classification for Ambedkar Street?

Ambedkar Street is classified as Residential Class II Type - I, indicating its use for residential purposes.

What are the stamp duty and registration fees for property in Ambedkar Street?

For a property valued at Rs 2,75,000, the stamp duty would be Rs 19,250, and the registration fee would be Rs 5,500, totaling Rs 24,750.

Where is the Sub Registrar Office for Ambedkar Street located?

The Redhills Sub Registrar Office is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.