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Guideline Value

Corporate

Guideline Value for DR. AMBEDKAR NAGAR 3RD CROSS STREET

₹1600/sq.ft.

The guideline value for Dr. Ambedkar Nagar 3rd Cross 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 3rd Cross Street

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Dr. Ambedkar Nagar 3rd Cross Street guideline value

The current guideline value of Dr. Ambedkar Nagar 3rd Cross Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the jurisdiction of the Purasaivakkam SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Dr. Ambedkar Nagar 3rd Cross Street has changed

The guideline value for Dr. Ambedkar Nagar 3rd Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, it saw a decrease to Rs 1,005 per sq.ft in 2017. The value rose again to Rs 1,500 per sq.ft in 2023, and currently stands at Rs 1,600 per sq.ft as per the 2024 revision. The changes from the previous revisions are as follows: from 2007 to 2012, there was a +200% increase; from 2012 to 2017, a -33% decrease; from 2017 to 2023, a +49% increase; and finally, from 2023 to 2024, a +7% increase.

It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Perambur

In Perambur, there are a total of 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 3rd Cross Street is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 3rd Cross 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 amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total cost for these fees Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Dr. Ambedkar Nagar 3rd Cross Street?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 3rd Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Perambur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it directly affects the costs involved in the transaction. Buyers should ensure that the sale price is at least equal to the guideline value to avoid any issues during registration.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 3rd Cross Street?

The current guideline value of Dr. Ambedkar Nagar 3rd Cross 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, reflecting an overall increase of +220% over the years.

What is the land classification for Dr. Ambedkar Nagar 3rd Cross Street?

The land classification for Dr. Ambedkar Nagar 3rd Cross Street is Residential Class V Type - I.

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

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000 and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Which office handles the registration for properties in Dr. Ambedkar Nagar 3rd Cross Street?

The Purasaivakkam Sub Registrar Office handles the registration for properties in Dr. Ambedkar Nagar 3rd Cross Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.