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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 11th Cross Street

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 11th Cross Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 3300 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

Velachery

Village

Velacheri

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /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 ₹3000 /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.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 Nagar 11th Cross Street

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Dr. Ambedkar Nagar 11th Cross Street guideline value

The current guideline value of Dr. Ambedkar Nagar 11th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Dr. Ambedkar Nagar 11th Cross Street has changed

The guideline value for Dr. Ambedkar Nagar 11th Cross Street has seen revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 3,000 per sq.ft. In the 2024 revision, this value increased to Rs 3,300 per sq.ft, marking a change of +10% from the 2012 figure. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

From 2012 to 2024, the guideline value rose from Rs 3,000 to Rs 3,300. This increase reflects the changes in property valuation over the years, with the most recent figure being effective from 1 July 2024.

Guideline values in Velachery

In Velachery, there are a total of 2,691 streets under the Velacheri SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. Dr. Ambedkar Nagar 11th Cross Street's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 11th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 11th Cross Street?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 11th Cross Street 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 further assistance.

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

The guideline value is an important factor when buying or selling property in Velachery, as it determines the minimum value at which a property can be registered. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration norms.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 11th Cross Street?

The current guideline value of Dr. Ambedkar Nagar 11th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, which is a +10% increase. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

What is the land classification for Dr. Ambedkar Nagar 11th Cross Street?

The land classification for Dr. Ambedkar Nagar 11th Cross Street is Residential Class III Type - I. This classification indicates the type of development permissible in the area.

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

The stamp duty for properties in Dr. Ambedkar Nagar 11th Cross Street is 7%, while the registration fee is 2%. For example, a property valued at Rs 33,00,000 would incur a total fee of Rs 2,97,000.

Where is the Sub Registrar Office located for this street?

The Velacheri Sub Registrar Office, which covers Dr. Ambedkar Nagar 11th Cross Street, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.