Guideline Value

Corporate

Guideline Value for DR. AMBETKAR NAGAR

₹165/sq.ft.

The guideline value for Dr. Ambetkar Nagar in Mabuskanpettai village (Thiruvottiyur SRO, Chennai zone) is Rs 165 per sq.ft, effective 1 July 2024. It was Rs 150 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mabuskanpettai

Village

Thiruvottiyur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹165 /sq.ft.
From 1-4-2023 ₹150 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹100 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹150 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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. Ambetkar Nagar

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Dr. Ambetkar Nagar guideline value

The current guideline value of Dr. Ambetkar Nagar, located in Mabuskanpettai village, is Rs 165 per sq.ft, effective from 1 July 2024. This area falls under the Thiruvottiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Dr. Ambetkar Nagar has changed

The guideline value for Dr. Ambetkar Nagar has seen several revisions over the years. The earliest revision available is from 2012, which set the value at Rs 150 per sq.ft. This was followed by a decrease to Rs 100 per sq.ft in 2017, marking a -33% change. In 2023, the value increased to Rs 150 per sq.ft, and then further rose to Rs 165 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is +10%. The register has no figures for the years 2002, 2003, and 2007 for this street, indicating that no revisions were recorded during those years.

Guideline values in Mabuskanpettai

In Mabuskanpettai, there are eight streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 165 to Rs 1,000 per sq.ft. The median value for these streets is Rs 248 per sq.ft, positioning Dr. Ambetkar Nagar below this median.

Stamp duty and registration fee for property in Dr. Ambetkar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 165 per sq.ft, the total guideline value amounts to Rs 1,65,000. The stamp duty is charged at 7%, totaling Rs 11,550, while the registration fee is 2%, amounting to Rs 3,300. Therefore, the total cost for stamp duty and registration fee together is Rs 14,850. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ambetkar Nagar?

The Dr. Ambetkar Nagar area is covered by the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is a crucial factor when it comes to the registration of properties in Mabuskanpettai. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. This value helps in establishing a fair basis for taxation and ensures that both parties are aware of the financial implications involved in the sale or purchase of the property.

Frequently asked questions

What is the current guideline value of Dr. Ambetkar Nagar?

The current guideline value of Dr. Ambetkar Nagar is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then to Rs 150 per sq.ft in 2023, and finally to Rs 165 per sq.ft in 2024.

What is the stamp duty for property in Dr. Ambetkar Nagar?

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

Where can I find the Thiruvottiyur Sub Registrar Office?

The Thiruvottiyur Sub Registrar Office is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What are the other streets in Mabuskanpettai with guideline values?

Other streets in Mabuskanpettai include Sri Gomathi Amman Nagar, Sri Kalasathamman Nagar, Sri Krishna Nagar Phase II, Sri Sankara Balamurugan Nagar, Sri Sankara Vetrivel Garden, and Vijay Nagar, with values ranging from Rs 165 to Rs 248 per sq.ft.