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Guideline Value

Corporate

Guideline Value for DR.AMBEDKAR NAGAR "ANBU STREET"

₹2500/sq.ft.

The guideline value for Dr.ambedkar Nagar "anbu Street" in Padi village (Villivakkam SRO, Chennai zone) is Rs 2500 per sq.ft, effective 1 July 2024. It was Rs 2300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Padi

Village

Villivakkam

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹2500 /sq.ft.
From 1-4-2023 ₹2300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1541 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2300 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹530 /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)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561092
[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 "anbu Street"

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Dr.Ambedkar Nagar "anbu Street" guideline value

The current guideline value of Dr.Ambedkar Nagar "anbu Street" is Rs 2,500 per sq.ft, effective from 1 July 2024. This street is located in Padi village and falls under the Villivakkam SRO, classified as Residential Class V Type - I.

How the guideline value of Dr.Ambedkar Nagar "anbu Street" has changed

The guideline value for Dr.Ambedkar Nagar "anbu Street" has seen significant changes over the years. In the 2007 revision, the value was Rs 530 per sq.ft, which increased dramatically to Rs 2,300 per sq.ft in 2012, marking a rise of 334%. However, from 2012 to 2017, there was a decrease to Rs 1,541 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 2,300 per sq.ft in 2023, which was a 49% increase from the previous revision.

As of the latest 2024 revision, the guideline value stands at Rs 2,500 per sq.ft, which is a 9% increase from the 2023 figure. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 372% in the guideline value for this street. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Padi

In Padi village, there are 354 streets under the Villivakkam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 13,200 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, indicating that Dr.Ambedkar Nagar "anbu Street" is below this median.

Stamp duty and registration fee for property in Dr.Ambedkar Nagar "anbu Street"

For a 1,000 sq.ft plot at the current guideline value of Rs 2,500 per sq.ft, the total guideline value amounts to Rs 25,00,000. The stamp duty at 7% would be Rs 1,75,000, and the registration fee at 2% would be Rs 50,000, bringing the total cost to Rs 2,25,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Ambedkar Nagar "anbu Street"?

The Sub Registrar Office that covers Dr.Ambedkar Nagar "anbu Street" is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Padi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure compliance with the legal requirements during the registration process.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Dr.Ambedkar Nagar "anbu Street"?

The current guideline value of Dr.Ambedkar Nagar "anbu Street" is Rs 2,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 530 per sq.ft in 2007 to Rs 2,500 per sq.ft in 2024, showing an overall increase of 372% across the revisions.

What is the land classification of Dr.Ambedkar Nagar "anbu Street"?

Dr.Ambedkar Nagar "anbu Street" is classified as Residential Class V Type - I, indicating its suitability for residential purposes.

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

The Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, covers Dr.Ambedkar Nagar "anbu Street".

How is the stamp duty calculated for properties in Padi?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 25,00,000, the stamp duty would be calculated at 7% on this amount.