Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Lane

₹1900/sq.ft.

The guideline value for Dr. Ambedkar Lane in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Lane

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Dr. Ambedkar Lane guideline value

The current guideline value of Dr. Ambedkar Lane is Rs 1,900 per sq.ft, effective from 1 July 2024. This lane is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Dr. Ambedkar Lane has changed

The guideline value for Dr. Ambedkar Lane has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, an increase of 6% from the previous revision in 2012, which was Rs 1,800 per sq.ft. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only available figures for Dr. Ambedkar Lane are from the 2012 and 2024 revisions, reflecting a steady increase in the guideline value over the years.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. Dr. Ambedkar Lane's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, while the registration fee at 2% would be Rs 38,000, bringing the total to Rs 1,71,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr. Ambedkar Lane?

The Sub Registrar Office that covers Dr. Ambedkar Lane is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. This ensures that all transactions are transparent and comply with local regulations.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Lane?

The current guideline value of Dr. Ambedkar Lane is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Dr. Ambedkar Lane was Rs 1,800 per sq.ft in 2012, and it increased to Rs 1,900 per sq.ft in 2024, reflecting a 6% increase. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What is the land classification for Dr. Ambedkar Lane?

Dr. Ambedkar Lane is classified as Residential Class III Type - I, indicating its designation for residential purposes within the area.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For instance, for a 1,000 sq.ft plot at the current rate, the total stamp duty and registration fees would amount to Rs 1,71,000.

Where can I find the Sub Registrar Office for Dr. Ambedkar Lane?

The Madhavaram Sub Registrar Office covers Dr. Ambedkar Lane and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.