Guideline Value

Corporate

Guideline Value for Dr.AMBETHKAR NAGAR

₹1900/sq.ft.

The guideline value for Dr.ambethkar Nagar in Thiruvottiyur village (Thiruvottiyur SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruvottiyur

Village

Thiruvottiyur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[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.ambethkar Nagar

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Dr.AMBETHKAR NAGAR guideline value

The current guideline value of Dr.AMBETHKAR NAGAR is Rs 1,900 per sq.ft, effective from 1 July 2024. This area is located in Thiruvottiyur village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Dr.AMBETHKAR NAGAR has changed

The guideline value for Dr.AMBETHKAR NAGAR has seen several revisions over the years. In 2007, the value was Rs 400 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, it decreased to Rs 1,206 per sq.ft in 2017. The value then rose to Rs 1,800 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 1,900 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%, followed by a 6% rise from 2023 to 2024. The overall change from 2007 to 2024 reflects a substantial increase of 375% in the guideline value. The fluctuations in these values illustrate the dynamic nature of property assessments in the area.

Guideline values in Thiruvottiyur

In Thiruvottiyur, there are 177 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 8,600 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value of Dr.AMBETHKAR NAGAR is below this median.

Stamp duty and registration fee for property in Dr.AMBETHKAR NAGAR

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, making the total fees Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.AMBETHKAR NAGAR?

The Sub Registrar Office that covers Dr.AMBETHKAR NAGAR is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruvottiyur. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the state collects appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty, which is charged at a percentage of either the guideline value or the sale price, whichever is higher. This ensures a fair assessment of property transactions within the region.

Frequently asked questions

What is the current guideline value of Dr.AMBETHKAR NAGAR?

The current guideline value of Dr.AMBETHKAR NAGAR is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, showing an overall increase of 375% over the years.

What is the land classification of Dr.AMBETHKAR NAGAR?

Dr.AMBETHKAR NAGAR is classified as Residential Class I Type - III, indicating its suitability for residential development.

What are the other streets in Thiruvottiyur with similar guideline values?

Other streets in Thiruvottiyur with a guideline value of Rs 1,900 per sq.ft include Dr.Jayalalitha Nagar and Dr.Kalaignar Nagars/Cross Streets/Extension.

Where can I find more information about the Thiruvottiyur SRO?

More information about the Thiruvottiyur SRO can be found at the Thiruvottiyur Sub Registrar Office located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.