Guideline Value for DR.AMBEDKAR STREET (NEAR ECR)

Dr.Ambedkar Street (Near Ecr) guideline value

The current guideline value of Dr.Ambedkar Street (Near Ecr) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO and is classified as Residential Class II Type - III.

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

In the 2017 revision, the guideline value was Rs 1,340 per sq.ft. This figure increased significantly to Rs 2,200 per sq.ft in the 2024 revision, marking a change of +64%. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

The guideline value has thus seen a considerable increase from the 2017 figure to the current 2024 figure, reflecting changes in the valuation of this street over time.

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. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the guideline value of Dr.Ambedkar Street (Near Ecr).

• Drift Wood Avenue: Rs 4,400 per sq.ft (2024)
• Dr.Ambedkar Cross Street (Near Ecr): Rs 1,700 per sq.ft (2024)
• Duraisamy 2nd Street: Rs 2,200 per sq.ft (2024)
• Duraisamy Street: Rs 2,200 per sq.ft (2024)
• Durgai Amman Koil Street: Rs 1,700 per sq.ft (2024)
• Easer Mechnic Ltd: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

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

The Sub Registrar Office that covers Dr.Ambedkar Street (Near Ecr) is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is an essential factor in property transactions in Sholinganallur - 1. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value helps establish a baseline for negotiations, ensuring that both parties are aware of the official valuation set by the registration department.

Frequently asked questions

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

The current guideline value of Dr.Ambedkar Street (Near Ecr) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft, which is a change of +64%.

Are there any revisions with no figures for Dr.Ambedkar Street (Near Ecr)?

Yes, the register has no figures for Dr.Ambedkar Street (Near Ecr) for the years 2023, 2012, 2007, 2003, and 2002.

What is the land classification of Dr.Ambedkar Street (Near Ecr)?

Dr.Ambedkar Street (Near Ecr) is classified as Residential Class II Type - III.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.