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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 12th Cross Street

₹3300/sq.ft.

The guideline value for Dr. Ambedkar Nagar 12th 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 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
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 12th Cross Street

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Dr. Ambedkar Nagar 12th Cross Street guideline value

The current guideline value of Dr. Ambedkar Nagar 12th Cross Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class III Type - I.

How the guideline value of Dr. Ambedkar Nagar 12th Cross Street has changed

The guideline value for Dr. Ambedkar Nagar 12th Cross Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,500 per sq.ft. This increased to Rs 3,000 per sq.ft in 2012, marking a 100% rise. However, from 2012 to 2017, the value decreased to Rs 2,010 per sq.ft, a decline of 33%. The most recent revision in 2024 saw a significant increase to Rs 3,300 per sq.ft, representing a 64% rise from the 2017 figure.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. It is important to note that there are no recorded figures for the years 2023, 2003, and 2002 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with a 2024 guideline value range from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, placing Dr. Ambedkar Nagar 12th Cross Street's 2024 figure below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 12th 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 amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to 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 Nagar 12th Cross Street?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 12th 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 more information.

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

The guideline value plays a crucial role in property transactions in Velachery. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value is set by the government and is periodically revised to reflect changes in the real estate market.

When registering a property, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government collects appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 12th Cross Street?

The current guideline value of Dr. Ambedkar Nagar 12th 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 1,500 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 120% over the years.

What is the stamp duty for property in Dr. Ambedkar Nagar 12th Cross Street?

The stamp duty for property in Dr. Ambedkar Nagar 12th Cross Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Velacheri Sub Registrar Office covers Dr. Ambedkar Nagar 12th Cross Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

Are there other streets with the same guideline value in Velachery?

Yes, there are several other streets in Velachery that have the same guideline value of Rs 3,300 per sq.ft as Dr. Ambedkar Nagar 12th Cross Street.