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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Nagar 5th Street

₹1100/sq.ft.

The guideline value for Dr. Ambedkar Nagar 5th 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 5th Street

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Dr. Ambedkar Nagar 5th Street guideline value

The current guideline value of Dr. Ambedkar Nagar 5th Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village, under the Royapuram SRO, and is classified as Residential Class II Type - II.

How the guideline value of Dr. Ambedkar Nagar 5th Street has changed

Since the 2007 revision, the guideline value has seen a significant increase. In 2007, the value was Rs 500 per sq.ft, which rose to Rs 1,000 per sq.ft in 2012, marking a 100% increase. However, between 2012 and 2017, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The value then increased substantially to Rs 1,000 per sq.ft in 2023, and further to Rs 1,100 per sq.ft in 2024, which is a 10% increase from the previous year. The overall increase from 2007 to 2024 is 120%.

The register has no figures for the years 2002 and 2003 for this street. The guideline value underwent a 49% increase from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, followed by the recent increase to Rs 1,100 per sq.ft in 2024.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft as of 2024. The median guideline value is Rs 1,600 per sq.ft, placing Dr. Ambedkar Nagar 5th Street's value below this median.

Stamp duty and registration fee for property in Dr. Ambedkar Nagar 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. 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 5th Street?

The Sub Registrar Office that covers Dr. Ambedkar Nagar 5th 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Tondaiarpet. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented at a fair value according to government standards.

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

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Nagar 5th Street?

The current guideline value of Dr. Ambedkar Nagar 5th 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 increased from Rs 500 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting a total increase of 120% over the years.

What are the other streets with the same guideline value in Tondaiarpet?

Other streets in Tondaiarpet with the same guideline value of Rs 1,100 per sq.ft as of 2024 include Dr. Ambedkar Nagar 1st, 2nd, 3rd, 4th, and 6th Streets, as well as Dr. Ambedkar Nagar 2nd Cross Street.

Where can I find the Sub Registrar Office for Dr. Ambedkar Nagar 5th Street?

The Sub Registrar Office for Dr. Ambedkar Nagar 5th Street is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for property transactions in Tondaiarpet?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 at a rate of 7%.