Guideline Value

Corporate

Guideline Value for Ambethkar First Lane

₹1100/sq.ft.

The guideline value for Ambethkar First 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 First Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Ambethkar First Lane guideline value

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

How the guideline value of Ambethkar First Lane has changed

The guideline value for Ambethkar First Lane has seen several revisions over the years. The earliest recorded figure is from 2002, where it was Rs 745 per sq.ft. In 2003, it decreased to Rs 76 per sq.ft, followed by a significant increase to Rs 300 per sq.ft in 2007. The value then rose to Rs 800 per sq.ft in 2012, but saw a decline to Rs 536 per sq.ft in 2017. The 2023 revision marked a rise to Rs 1,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 1,100 per sq.ft.

In terms of percentage changes, from 2002 to 2024, the overall increase is 48%. The changes between specific revisions include a 90% decrease from 2002 to 2003, a 295% increase from 2003 to 2007, a 167% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, an 87% increase from 2017 to 2023, and a 10% increase from 2023 to 2024.

Guideline values in Puzhal

Puzhal village has a total of 270 streets under the Redhills SRO, with the 2024 guideline values 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, which means that the guideline value of Ambethkar First Lane is slightly below the median.

Stamp duty and registration fee for property in Ambethkar First 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 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 First Lane?

The Sub Registrar Office that covers Ambethkar First Lane is the Redhills Sub Registrar Office. The address is 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 an important factor during the registration of property transactions in Puzhal. It serves as a reference point for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the official value of the property being transacted. It is crucial for both buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Ambethkar First Lane?

The current guideline value of Ambethkar First 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 land classification of Ambethkar First Lane?

Ambethkar First Lane is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000.

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

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