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Guideline Value

Corporate

Guideline Value for Dr Ambedkar Street,Periyar Nagar

₹3850/sq.ft.

The guideline value for Dr Ambedkar Street,periyar Nagar in Madipakkam-1 village (Velacheri SRO, Chennai zone) is Rs 3850 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Madipakkam-1

Village

Velacheri

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3850 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹2345 /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)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Street,periyar Nagar

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Dr Ambedkar Street,Periyar Nagar guideline value

The current guideline value of Dr Ambedkar Street, Periyar Nagar is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village and falls under the Velacheri SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Dr Ambedkar Street,Periyar Nagar has changed

The guideline value for Dr Ambedkar Street, Periyar Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 2,345 per sq.ft. This figure increased to Rs 3,850 per sq.ft in the 2024 revision, marking a change of +64% from the previous revision. It is important to note that the register has no figures for the years 2023, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2017 revision, there were no figures available for the years mentioned. The current guideline value reflects the latest assessment and is indicative of the price per square foot for properties in this locality.

Guideline values in Madipakkam-1

In Madipakkam-1, there are 1823 streets under the Velacheri SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 5,500 per sq.ft, with a median value of Rs 2,750 per sq.ft. Dr Ambedkar Street, Periyar Nagar's 2024 figure is above this median.

Stamp duty and registration fee for property in Dr Ambedkar Street,Periyar Nagar

For a 1,000 sq.ft plot at the current rate of Rs 3,850 per sq.ft, the guideline value amounts to Rs 38,50,000. The stamp duty at 7% would be Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, bringing the total to Rs 3,46,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr Ambedkar Street,Periyar Nagar?

The Sub Registrar Office that covers Dr Ambedkar Street, Periyar Nagar is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Madipakkam-1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the stamp duty, which is a mandatory fee payable to the government. This ensures that the transaction is officially recorded and that the appropriate taxes are collected based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Dr Ambedkar Street, Periyar Nagar?

The current guideline value of Dr Ambedkar Street, Periyar Nagar is Rs 3,850 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since the last revision?

The guideline value increased from Rs 2,345 per sq.ft in the 2017 revision to Rs 3,850 per sq.ft in the 2024 revision, marking a change of +64%.

What are the other streets in Madipakkam-1 and their guideline values?

Other streets in Madipakkam-1 include Dr. Ambedkar Street/Rajarajeswari Nagar at Rs 2,750 per sq.ft, Dr.Ambedkar Salai/Periyar Nagar Main Road at Rs 3,850 per sq.ft, and Dr. Ramamoorthy Nagar at Rs 2,750 per sq.ft, among others.

Where can I find the Sub Registrar Office for Dr Ambedkar Street, Periyar Nagar?

The Velacheri Sub Registrar Office covers Dr Ambedkar Street, Periyar Nagar, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

How is the stamp duty calculated for properties in Madipakkam-1?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, on a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 at a rate of 7%.