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Guideline Value

Corporate

Guideline Value for DR. AMBEDKAR NAGAR 4TH CROSS STREET

₹1600/sq.ft.

The guideline value for Dr. Ambedkar Nagar 4th 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 4th Cross Street

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Dr. Ambedkar Nagar 4th Cross Street guideline value

The current guideline value for Dr. Ambedkar Nagar 4th Cross 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 4th Cross Street has changed

The guideline value for Dr. Ambedkar Nagar 4th Cross Street has seen several revisions over the years. Starting from the 2007 revision, the value was Rs 500 per sq.ft. It increased significantly to Rs 1,500 per sq.ft in 2012, followed by a decrease to Rs 1,005 per sq.ft in 2017. The value then rose to Rs 1,500 per sq.ft in 2023 and further increased to the current rate of Rs 1,600 per sq.ft in 2024.

In terms of percentage changes, the increase from 2007 to 2012 was +200%, but it saw a decline of -33% from 2012 to 2017. The value surged by +49% from 2017 to 2023, and there was a +7% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by +220%. The register has no figures for the years 2002 and 2003 for this street.

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 is Rs 2,700 per sq.ft, placing Dr. Ambedkar Nagar 4th Cross Street's 2024 figure below that median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 4th 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 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 fees 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ambedkar Nagar 4th Cross Street?

The Sub Registrar Office covering Dr. Ambedkar Nagar 4th 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 critical factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When you register a property, the guideline value is used to calculate the stamp duty, which is charged on either the guideline value or the sale price, whichever is higher. This ensures that the registration process is standardized and transparent.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 4th Cross Street?

The current guideline value of Dr. Ambedkar Nagar 4th 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 stamp duty rate for properties in this area?

The stamp duty rate for properties in Dr. Ambedkar Nagar 4th Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Dr. Ambedkar Nagar 4th Cross Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the median guideline value in Perambur?

The median guideline value in Perambur is Rs 2,700 per sq.ft, and the guideline value for Dr. Ambedkar Nagar 4th Cross Street is below this median at Rs 1,600 per sq.ft.