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Guideline Value

Corporate

Guideline Value for DR. AMBEDKAR NAGAR 2ND STREET

₹1600/sq.ft.

The guideline value for Dr. Ambedkar Nagar 2nd Street in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
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 Nagar 2nd Street

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Dr. Ambedkar Nagar 2nd Street guideline value

The current guideline value of Dr. Ambedkar Nagar 2nd Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class V Type - I.

How the guideline value of Dr. Ambedkar Nagar 2nd Street has changed

The guideline value for Dr. Ambedkar Nagar 2nd Street has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it then decreased to Rs 1,005 per sq.ft in 2017. The subsequent revisions saw an increase, with the 2023 figure at Rs 1,500 per sq.ft and the latest 2024 revision at Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

In summary, the changes from the earlier revisions show a notable increase from Rs 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, representing an overall increase of 220%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value for Dr. Ambedkar Nagar 2nd Street is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, totaling Rs 1,44,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dr. Ambedkar Nagar 2nd Street?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 2nd Street 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 Perambur

The guideline value plays a crucial role during the registration of property transactions in Perambur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's value.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 2nd Street?

The current guideline value of Dr. Ambedkar Nagar 2nd Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, showing an overall increase of 220% over the years.

What is the stamp duty for property in Dr. Ambedkar Nagar 2nd Street?

The stamp duty for property in Dr. Ambedkar Nagar 2nd Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles property registrations in this area?

The Purasaivakkam Sub Registrar Office handles property registrations for Dr. Ambedkar Nagar 2nd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the guideline values for other streets in Perambur?

The guideline values for other streets in Perambur, such as Dr. Ambedkar Nagar 3rd Cross Street and Dr. Ambedkar Nagar 1st Street, are also Rs 1,600 per sq.ft as of 2024.