Guideline Value

Corporate

Guideline Value for Ambethkar 3rd Lane

₹1100/sq.ft.

The guideline value for Ambethkar 3rd 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 ₹76 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹745 /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 3rd Lane

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Ambethkar 3rd Lane guideline value

The current guideline value of Ambethkar 3rd 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 3rd Lane has changed

The guideline value for Ambethkar 3rd Lane has undergone several revisions over the years. In 2002, the guideline value was Rs 745 per sq.ft. This figure saw a significant increase to Rs 76 per sq.ft in 2003, followed by a substantial rise to Rs 300 per sq.ft in 2007. The value then increased dramatically to Rs 800 per sq.ft in 2012. However, there was a decrease to Rs 536 per sq.ft in 2017. The value rose again to Rs 1,000 per sq.ft in 2023, and finally, it reached Rs 1,100 per sq.ft in the 2024 revision.

Between the revisions, notable changes include an increase of 10% from 2023 to 2024, an 87% increase from 2017 to 2023, a decrease of 33% from 2012 to 2017, a rise of 167% from 2007 to 2012, and a significant increase of 295% from 2003 to 2007. The overall change from 2002 to 2024 reflects an increase of 48%.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value in this area is Rs 1,102 per sq.ft, placing Ambethkar 3rd Lane's 2024 figure just below that median.

Stamp duty and registration fee for property in Ambethkar 3rd 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, totaling 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 also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Ambethkar 3rd Lane?

The Sub Registrar Office covering Ambethkar 3rd 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 aspect when registering property transactions in Puzhal. It serves as a benchmark for calculating the stamp duty and registration fees, which are mandatory for property transactions. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is assessed to determine the applicable duties. It is essential for both buyers and sellers to be aware of this value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Ambethkar 3rd Lane?

The current guideline value of Ambethkar 3rd 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 745 per sq.ft in 2002 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 48% over the years.

What is the stamp duty rate for properties in Ambethkar 3rd Lane?

The stamp duty rate for properties in Ambethkar 3rd Lane is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Ambethkar 3rd Lane?

The Sub Registrar Office for Ambethkar 3rd Lane is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

What is the median guideline value in Puzhal?

The median guideline value in Puzhal is Rs 1,102 per sq.ft, which is slightly higher than the guideline value of Ambethkar 3rd Lane.