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Guideline Value

Corporate

Guideline Value for Dr. Ambedkar Street/Bharathi Nagar

₹1100/sq.ft.

The guideline value for Dr. Ambedkar Street/bharathi Nagar in Erandankattalai village (Pammal SRO, Chengalpattu 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 I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Erandankattalai

Village

Pammal

SRO

Residential Class I Type - I
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 N/A
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)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Dr. Ambedkar Street/bharathi Nagar

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Dr. Ambedkar Street/Bharathi Nagar guideline value

The current guideline value of Dr. Ambedkar Street/Bharathi Nagar is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Erandankattalai village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Dr. Ambedkar Street/Bharathi Nagar has changed

The guideline value for Dr. Ambedkar Street/Bharathi Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 670 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in the 2023 revision. The latest revision in 2024 has further increased this value to Rs 1,100 per sq.ft, marking a 10% rise from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for Dr. Ambedkar Street/Bharathi Nagar in the revisions from 2002, 2003, 2007, and 2012. This lack of data indicates that the street was not evaluated for guideline values during those years.

Guideline values in Erandankattalai

In Erandankattalai, there are 60 streets under the Pammal SRO that have a 2024 guideline value, ranging from Rs 770 to Rs 4,270 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, which aligns with the current value of Dr. Ambedkar Street/Bharathi Nagar.

Stamp duty and registration fee for property in Dr. Ambedkar Street/Bharathi Nagar

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, while the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Dr. Ambedkar Street/Bharathi Nagar?

The Sub Registrar Office that covers Dr. Ambedkar Street/Bharathi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

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

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers and sellers must be aware of this value to ensure compliance with local regulations and to avoid any potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value of Dr. Ambedkar Street/Bharathi Nagar?

The current guideline value of Dr. Ambedkar Street/Bharathi Nagar 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 from Rs 670 per sq.ft in 2017 to Rs 1,000 per sq.ft in 2023, and now to Rs 1,100 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What is the land classification for Dr. Ambedkar Street/Bharathi Nagar?

Dr. Ambedkar Street/Bharathi Nagar is classified as Residential Class I Type - I. This classification is important for determining the appropriate uses and regulations for properties in the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Dr. Ambedkar Street/Bharathi Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is stamp duty calculated for properties in this area?

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