Guideline Value

Corporate

Guideline Value for Ambethkar 2nd Lane

₹1100/sq.ft.

The guideline value for Ambethkar 2nd Lane in Puzhal village (Redhills SRO, Chennai 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:

Chennai

Zone

Puzhal

Village

Redhills

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 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹105 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1040 /sq.ft.
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 Ambethkar 2nd Lane

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Ambethkar 2nd Lane guideline value

The current guideline value of Ambethkar 2nd Lane is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Puzhal village, under the Redhills SRO, and is classified as Residential Class II Type - I.

How the guideline value of Ambethkar 2nd Lane has changed

The guideline value for Ambethkar 2nd Lane has seen several revisions over the years. In 2002, the value was Rs 1,040 per sq.ft, which dropped to Rs 105 per sq.ft in 2003. The value then increased significantly to Rs 300 per sq.ft in 2007, followed by a rise to Rs 800 per sq.ft in 2012. The next revision in 2017 saw the value rise to Rs 536 per sq.ft, and by 2023, it had increased to Rs 1,000 per sq.ft. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, marking a 10% increase from the previous year.

Overall, the changes between the revisions show a significant increase from Rs 105 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024. The largest increase occurred between 2007 and 2012, where the value rose by 167%. Notably, there are no figures available for the years not mentioned in the register for this street.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,102 per sq.ft, indicating that the 2024 guideline value for Ambethkar 2nd Lane is slightly below this median.

Stamp duty and registration fee for property in Ambethkar 2nd Lane

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 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 Ambethkar 2nd Lane?

The Sub Registrar Office that covers Ambethkar 2nd Lane 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 Puzhal

The guideline value is a crucial factor when registering property transactions in Puzhal. It serves as a benchmark for determining the minimum value at which properties can be sold or purchased, ensuring that the registration process is transparent and standardized.

When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This helps in maintaining consistency in property transactions and provides a clear framework for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Ambethkar 2nd Lane?

The current guideline value of Ambethkar 2nd Lane 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 from Rs 105 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, with several revisions in between.

What is the stamp duty rate for property in Ambethkar 2nd Lane?

The stamp duty rate for property transactions in Ambethkar 2nd Lane is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Ambethkar 2nd Lane located?

The Sub Registrar Office for Ambethkar 2nd Lane is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What are the other streets in Puzhal with the same guideline value?

Other streets in Puzhal with the same guideline value of Rs 1,100 per sq.ft include Ambethkar 3rd Lane, Ambethkar First Lane, Ambedkar Street, and Ambedkar Road.