Guideline Value for Dr. Ambedhkar Salai

Dr. Ambedhkar Salai guideline value

The current guideline value of Dr. Ambedhkar Salai is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Madipakkam-1 village under the Velacheri SRO and is classified as Residential Class I Type - I.

How the guideline value of Dr. Ambedhkar Salai has changed

The guideline value for Dr. Ambedhkar Salai has seen significant changes over the years. In the 2017 revision, the value was recorded at Rs 2,345 per sq.ft. The most recent revision in 2024 has increased this figure to Rs 3,850 per sq.ft, marking a change of +64% from the previous revision.

There are no figures available for the years 2023, 2012, 2007, 2003, and 2002 in the register for this street. Thus, the only revisions with recorded figures are from 2017 and 2024.

Guideline values in Madipakkam-1

In Madipakkam-1, there are a total of 1823 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,750 per sq.ft, positioning Dr. Ambedhkar Salai's 2024 figure above this median.

• Dharman Street: Rs 2,200 per sq.ft (2024)
• Dr.Ambedkar Salai/Periyar Nagar Main Road: Rs 3,850 per sq.ft (2024)
• Dr Ambedkar Street,Periyar Nagar: Rs 3,850 per sq.ft (2024)
• Dr. Ambedkar Street/Rajarajeswari Nagar: Rs 2,750 per sq.ft (2024)
• Dr. Ramamoorthy Nagar: Rs 2,750 per sq.ft (2024)
• Dr. Ramamoorthy Nagar 1st Main Road: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Dr. Ambedhkar Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total 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 higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr. Ambedhkar Salai?

The Sub Registrar Office that covers Dr. Ambedhkar Salai 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 property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Madipakkam-1, the guideline value is used to calculate the stamp duty and registration fees that need to be paid during the registration process.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to avoid any potential legal issues during the transaction. Understanding the guideline value helps in making informed decisions regarding property transactions.

Frequently asked questions

What is the current guideline value of Dr. Ambedhkar Salai?

The current guideline value of Dr. Ambedhkar Salai is Rs 3,850 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 2,345 per sq.ft to Rs 3,850 per sq.ft, representing a change of +64%.

Are there any years without recorded figures for Dr. Ambedhkar Salai?

Yes, the years 2023, 2012, 2007, 2003, and 2002 have no recorded figures for Dr. Ambedhkar Salai in the guideline value register.

What is the median guideline value for streets in Madipakkam-1?

The median guideline value for streets in Madipakkam-1 is Rs 2,750 per sq.ft, which is below the current value of Dr. Ambedhkar Salai.

Where can I find the Velacheri Sub Registrar Office?

The Velacheri Sub Registrar Office is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.