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Guideline Value

Corporate

Guideline Value for DR. AMBETKAR STREET / NAGAR

₹1500/sq.ft.

The guideline value for Dr. Ambetkar Street / Nagar in Manali village (Thiruvottiyur SRO, Chennai zone) is Rs 1500 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 7% change. The land classification is Mixed Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manali

Village

Thiruvottiyur

SRO

Mixed Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹1500 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹106 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹93 /sq.ft.
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 Street / Nagar

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Dr. Ambetkar Street / Nagar guideline value

The current guideline value for Dr. Ambetkar Street / Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Manali village under the Thiruvottiyur SRO, classified as Mixed Special Type - III.

How the guideline value of Dr. Ambetkar Street / Nagar has changed

The guideline value for Dr. Ambetkar Street / Nagar has seen several revisions over the years. The earliest recorded figure was Rs 93 per sq.ft in 2002, which increased to Rs 106 per sq.ft in 2003, marking a 14% rise. Following this, the value surged significantly to Rs 200 per sq.ft in 2007, reflecting an 89% increase. The next revision in 2012 saw the value rise to Rs 1,400 per sq.ft, a remarkable 600% increase. However, it then dropped to Rs 938 per sq.ft in 2017, indicating a decline of 33%. The value climbed again to Rs 1,400 per sq.ft in 2023, before reaching the current figure of Rs 1,500 per sq.ft in 2024, which is a 7% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,513%. There are no figures available for the years between 2012 and 2017 for this street.

Guideline values in Manali

In Manali village, there are 84 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 1,001 to Rs 3,300 per sq.ft, with a median value of Rs 1,200 per sq.ft. Dr. Ambetkar Street / Nagar's 2024 guideline value of Rs 1,500 per sq.ft is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total cost to Rs 1,35,000. It is important to note that 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. Ambetkar Street / Nagar?

The Sub Registrar Office that covers Dr. Ambetkar Street / Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Manali, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of property transactions. Accurate knowledge of these values helps in planning financial aspects related to property registration.

Frequently asked questions

What is the current guideline value for Dr. Ambetkar Street / Nagar?

The current guideline value for Dr. Ambetkar Street / Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 93 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, showing a significant overall increase of 1,513% over the years.

What is the land classification for Dr. Ambetkar Street / Nagar?

Dr. Ambetkar Street / Nagar is classified as Mixed Special Type - III.

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

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000.

Which office handles registrations for Dr. Ambetkar Street / Nagar?

The Thiruvottiyur Sub Registrar Office handles registrations for Dr. Ambetkar Street / Nagar, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.