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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 1st Cross Street

₹1100/sq.ft.

The guideline value for Dr. Ambedkar Nagar 1st Cross Street in Tondaiarpet village (Royapuram SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tondaiarpet

Village

Royapuram

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /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)

535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.
044-25960108
[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 Nagar 1st Cross Street

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Dr. Ambedkar Nagar 1st Cross Street guideline value

The current guideline value of Dr. Ambedkar Nagar 1st Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - II.

How the guideline value of Dr. Ambedkar Nagar 1st Cross Street has changed

The guideline value for Dr. Ambedkar Nagar 1st Cross Street has seen several revisions over the years. The earliest available figure is from 2007, where the value was Rs 500 per sq.ft. This increased to Rs 1,000 per sq.ft in 2012, but then dropped to Rs 670 per sq.ft in 2017. Following that, the value rose significantly to Rs 1,000 per sq.ft in 2023, and currently stands at Rs 1,100 per sq.ft as of the 2024 revision. The changes between these revisions include a decrease of 33% from 2012 to 2017, an increase of 49% from 2017 to 2023, and a further increase of 10% from 2023 to 2024.

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

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, indicating that the 2024 guideline value for Dr. Ambedkar Nagar 1st Cross Street is below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost for these fees to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dr. Ambedkar Nagar 1st Cross Street?

The Sub Registrar Office covering Dr. Ambedkar Nagar 1st Cross Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a critical reference for property transactions in Tondaiarpet, as it determines the minimum value at which properties can be registered. This value is used to calculate stamp duty and registration fees, which are mandatory for property transactions.

When purchasing property, buyers should be aware that the guideline value may influence the negotiation process. It is essential to understand that the registration fees and stamp duty are calculated based on this guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 1st Cross Street?

The current guideline value of Dr. Ambedkar Nagar 1st Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 500 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, marking an overall increase of 120% over this period.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000, and the registration fee would be Rs 22,000, totaling Rs 99,000 for these fees.

Which Sub Registrar Office covers this area?

The Royapuram Sub Registrar Office covers Dr. Ambedkar Nagar 1st Cross Street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the classification of land in Dr. Ambedkar Nagar 1st Cross Street?

The land classification for Dr. Ambedkar Nagar 1st Cross Street is Residential Class II Type - II.