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Guideline Value

Corporate

Guideline Value for Ambika Nagar 5th Cross Street

₹2750/sq.ft.

The guideline value for Ambika Nagar 5th Cross 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 5th Cross Street

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Ambika Nagar 5th Cross Street guideline value

The current guideline value of Ambika Nagar 5th Cross 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 5th Cross Street has changed

The guideline value for Ambika Nagar 5th Cross Street has seen a few revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, an increase from the 2023 figure of Rs 2,500 per sq.ft. The 2023 revision did not change from the 2012 revision, which was also Rs 2,500 per sq.ft. There are no figures available for the revisions in 2002, 2003, 2007, and 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The change from 2023 to 2024 represents a 10% increase as well.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur 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 village is Rs 2,400 per sq.ft, placing Ambika Nagar 5th Cross Street above this median.

Stamp duty and registration fee for property in Ambika Nagar 5th Cross Street

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

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambika Nagar 5th Cross Street?

The Sub Registrar Office that covers Ambika Nagar 5th Cross Street is the Selaiyur Sub Registrar Office, located at 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 when buying or selling property in Madambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. This means that both buyers and sellers must consider the guideline value when negotiating sale prices.

During the registration process, the guideline value is used to calculate applicable stamp duties and registration fees. This ensures that the government receives the necessary revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Ambika Nagar 5th Cross Street?

The current guideline value of Ambika Nagar 5th Cross 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 changed from Rs 2,500 per sq.ft in 2023 to Rs 2,750 per sq.ft in 2024, marking a 10% increase. There was no change from 2012 to 2023, where the value remained at Rs 2,500 per sq.ft.

What is the land classification of Ambika Nagar 5th Cross Street?

Ambika Nagar 5th Cross Street is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the registration office for properties in Ambika Nagar?

The registration office for properties in Ambika Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

How is the stamp duty calculated for properties in Ambika Nagar 5th Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500.