Guideline Value

Corporate

Guideline Value for Ambika Nagar 2nd Street

₹2750/sq.ft.

The guideline value for Ambika Nagar 2nd Street in Madambakkam village (Selaiyur SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Madambakkam

Village

Selaiyur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
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.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Ambika Nagar 2nd Street

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Ambika Nagar 2nd Street guideline value

The current guideline value of Ambika Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village, under the Selaiyur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Ambika Nagar 2nd Street has changed

The guideline value for Ambika Nagar 2nd Street has undergone several revisions. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, which is an increase from Rs 2,500 per sq.ft in the 2023 revision. Notably, there was no change in the guideline value from the 2012 revision, which also recorded Rs 2,500 per sq.ft.

Prior to these revisions, the register has no figures for the years 2002, 2003, 2007, and 2017. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value is Rs 2,400 per sq.ft, placing Ambika Nagar 2nd Street's 2024 guideline value above this median.

Stamp duty and registration fee for property in Ambika Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, leading to a total of Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Ambika Nagar 2nd Street?

The Sub Registrar Office that covers Ambika Nagar 2nd Street is the Selaiyur Sub Registrar Office. The address is No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Madambakkam

The guideline value is a crucial factor in property transactions in Madambakkam, as it determines the minimum price at which a property can be registered. This value is used by the registration department to calculate the applicable stamp duty and registration fees during the sale or purchase of property.

When buying or selling property, it is essential to be aware of the current guideline value, as it can significantly affect the overall cost of the transaction, including taxes and fees that must be settled at the time of registration.

Frequently asked questions

What is the current guideline value of Ambika Nagar 2nd Street?

The current guideline value of Ambika Nagar 2nd Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen an increase from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024. From 2012 to 2023, there was no change in the value, remaining at Rs 2,500 per sq.ft.

What is the land classification for Ambika Nagar 2nd Street?

Ambika Nagar 2nd Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

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

Several other streets in Madambakkam share the same guideline value of Rs 2,750 per sq.ft for 2024. These include Ambika Nagar 2nd Main Road, Ambika Nagar 3rd Cross Street, Ambika Nagar 2nd Cross Street, Ambika Nagar 3rd Main Road, Ambika Nagar 1st Street, and Ambika Nagar 3rd Street.

Where can I find the Sub Registrar Office for Ambika Nagar 2nd Street?

The Sub Registrar Office for Ambika Nagar 2nd Street is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.