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Guideline Value

Corporate

Guideline Value for DR.AMBEDKAR NAGAR "KAMBAR STREET"

₹2500/sq.ft.

The guideline value for Dr.ambedkar Nagar "kambar 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 "kambar Street"

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Dr.Ambedkar Nagar "kambar Street" guideline value

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

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

The guideline value for Dr.Ambedkar Nagar "kambar Street" has undergone several revisions over the years. In the 2007 revision, the guideline value was set at Rs 530 per sq.ft. This increased significantly to Rs 2,300 per sq.ft in the 2012 revision, representing a 334% increase. However, in the 2017 revision, the value decreased to Rs 1,541 per sq.ft, a drop of 33%. The value then rose to Rs 2,300 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has set the value at Rs 2,500 per sq.ft, which is a 9% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 372%.

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, with a median value of Rs 3,800 per sq.ft. The guideline value for Dr.Ambedkar Nagar "kambar Street" is below this median.

Stamp duty and registration fee for property in Dr.Ambedkar Nagar "kambar 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 fees to Rs 2,25,000. It is important to note that 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 Nagar "kambar Street"?

The Sub Registrar Office that covers Dr.Ambedkar Nagar "kambar Street" is the Villivakkam Sub Registrar Office. The office is 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 plays a crucial role in the registration process when buying or selling property in Padi. It is used to determine the stamp duty and registration fees payable at the time of registration. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is considered as a benchmark for taxation purposes. This means that the stamp duty is calculated based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Dr.Ambedkar Nagar "kambar 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, marking an overall increase of 372%.

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

Dr.Ambedkar Nagar "kambar Street" is classified as Residential Class V Type - I.

Where can I find the Villivakkam Sub Registrar Office?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is stamp duty calculated for properties in Dr.Ambedkar Nagar "kambar Street"?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 25,00,000, the stamp duty would be Rs 1,75,000 at 7%.