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Guideline Value

Corporate

Guideline Value for DR. AMBEDKAR NAGAR 3RD STREET

₹1600/sq.ft.

The guideline value for Dr. Ambedkar Nagar 3rd 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 Street

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Dr. Ambedkar Nagar 3rd Street guideline value

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

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

Over the years, the guideline value of Dr. Ambedkar Nagar 3rd Street has seen several revisions. The earliest recorded figure is from 2007, when the value was Rs 500 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, it then decreased to Rs 1,005 per sq.ft in 2017, a decline of 33%. In 2023, the value rose again to Rs 1,500 per sq.ft, and finally, the latest revision in 2024 set the value at Rs 1,600 per sq.ft, reflecting a 7% increase from the previous year. The register has no figure for the years 2002 and 2003 for this street.

From 2007 to 2024, the overall change in the guideline value is an increase of 220%. The value increased by 49% from 2017 to 2023, and from 2023 to 2024, it rose by 7%. Each revision reflects the changing landscape of property valuation in the area.

Guideline values in Perambur

In Perambur village, 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. The median guideline value in this area is Rs 2,700 per sq.ft, placing Dr. Ambedkar Nagar 3rd Street's 2024 figure below that median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

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

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

The guideline value plays a crucial role in property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, buyers must ensure that the sale price is either equal to or higher than the guideline value. This ensures that the property is valued appropriately, and the necessary taxes are calculated based on the higher amount.

Frequently asked questions

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

The current guideline value of Dr. Ambedkar Nagar 3rd 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 median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, with Dr. Ambedkar Nagar 3rd Street's 2024 figure being below this median.

What are the stamp duty and registration fees for properties 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 property registration for Dr. Ambedkar Nagar 3rd Street?

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