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Guideline Value

Corporate

Guideline Value for DR. AMBEDKAR COLLEGE RAD (GANTZ ROAD)

₹5500/sq.ft.

The guideline value for Dr. Ambedkar College Rad (gantz Road) in Purasaivakkam village (Purasaivakkam SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Purasaivakkam

Village

Purasaivakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /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)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Dr. Ambedkar College Rad (gantz Road)

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Dr. Ambedkar College Rad (Gantz Road) guideline value

The current guideline value for Dr. Ambedkar College Rad (Gantz Road) is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Purasaivakkam village and falls under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Dr. Ambedkar College Rad (Gantz Road) has changed

The guideline value for Dr. Ambedkar College Rad (Gantz Road) has seen several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 5,000 per sq.ft. This was followed by a decrease to Rs 3,350 per sq.ft in 2017. The next revision in 2023 saw an increase to Rs 5,000 per sq.ft, and the most recent revision in 2024 brought it up to Rs 5,500 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

Between the revisions, there have been significant changes. From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, it increased by 49%. The guideline value then increased by 10% from 2023 to 2024, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Purasaivakkam

Purasaivakkam has a total of 519 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 18,100 per sq.ft. The median guideline value for these streets is Rs 5,500 per sq.ft, which is equal to the current guideline value for Dr. Ambedkar College Rad (Gantz Road).

Stamp duty and registration fee for property in Dr. Ambedkar College Rad (Gantz Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000. Together, the total cost for these fees would be Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Ambedkar College Rad (Gantz Road)?

The Sub Registrar Office that covers Dr. Ambedkar College Rad (Gantz Road) is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Purasaivakkam. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value is assessed by the government and is updated periodically based on various factors.

When a property is sold, the buyer and seller must ensure that the sale price is at least equal to the guideline value to avoid any discrepancies during registration. The registration office will use the guideline value to calculate the applicable fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value for Dr. Ambedkar College Rad (Gantz Road)?

The current guideline value for Dr. Ambedkar College Rad (Gantz Road) is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, then back to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

What are the other guideline values in Purasaivakkam?

The guideline values in Purasaivakkam range from Rs 2,200 to Rs 18,100 per sq.ft, with a median value of Rs 5,500 per sq.ft, which matches the guideline value for Dr. Ambedkar College Rad (Gantz Road).

What fees are associated with buying property in Dr. Ambedkar College Rad (Gantz Road)?

When buying property, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,95,000.

Where is the Sub Registrar Office for Dr. Ambedkar College Rad (Gantz Road)?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. This office handles the registration of properties in the area.