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Guideline Value

Corporate

Guideline Value for DR.AMBEDKAR CROSS STREET (NEAR ECR)

₹1700/sq.ft.

The guideline value for Dr.ambedkar Cross Street (near Ecr) in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1700 /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 N/A
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Cross Street (near Ecr)

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Dr.Ambedkar Cross Street (Near Ecr) guideline value

The current guideline value of Dr.Ambedkar Cross Street (Near Ecr) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Class IV Type - I.

How the guideline value of Dr.Ambedkar Cross Street (Near Ecr) has changed

The guideline value for Dr.Ambedkar Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in the 2023 revision. The latest revision in 2024 raised it further to Rs 1,700 per sq.ft, marking a 13% increase from the previous year and a significant 69% increase from the 2017 figure.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The overall changes from 2017 to 2024 reflect a substantial rise in the guideline value, indicating a steady increase over the years.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Dr.Ambedkar Cross Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Dr.Ambedkar Cross Street (Near Ecr)

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.Ambedkar Cross Street (Near Ecr)?

The Sub Registrar Office that covers Dr.Ambedkar Cross Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a critical factor in the registration process when buying or selling property in Sholinganallur - 1. It serves as a reference point for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than fluctuating market prices.

When a property is registered, the guideline value is used to determine the applicable fees, which can significantly impact the overall cost of the transaction. Buyers and sellers should be aware of the current guideline value to accurately estimate their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Dr.Ambedkar Cross Street (Near Ecr)?

The current guideline value of Dr.Ambedkar Cross Street (Near Ecr) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,700 per sq.ft in 2024, marking a total increase of 69% over the years.

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

The stamp duty is charged at 7% of the guideline value or sale price, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees amount to Rs 1,53,000.

Which Sub Registrar Office is responsible for Dr.Ambedkar Cross Street?

The Neelankarai Sub Registrar Office is responsible for Dr.Ambedkar Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

How does the guideline value affect property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It ensures that these fees are based on a standardized value, impacting the overall cost of buying or selling a property.