Guideline Value

Corporate

Guideline Value for Dr.Ambedkar Road

₹4400/sq.ft.

The guideline value for Dr.ambedkar Road in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹424 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹390 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Road

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Dr.Ambedkar Road guideline value

The current guideline value of Dr.Ambedkar Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This road is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Dr.Ambedkar Road has changed

The guideline value for Dr.Ambedkar Road has seen several revisions over the years. In 2002, the value was Rs 390 per sq.ft, which increased to Rs 424 per sq.ft in 2003, marking a 9% rise. The value continued to rise significantly, reaching Rs 650 per sq.ft in 2007, representing a 53% increase. Following that, the value surged to Rs 4,000 per sq.ft in 2012, which was a substantial 515% increase. However, it dropped to Rs 2,680 per sq.ft in 2017, reflecting a 33% decrease. The 2023 revision set the value at Rs 4,000 per sq.ft, and the most recent 2024 revision marked an increase to Rs 4,400 per sq.ft, a 10% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1028%. There are no figures available for the years between these revisions for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for the area is Rs 3,850 per sq.ft, placing Dr.Ambedkar Road's current value above this median.

Stamp duty and registration fee for property in Dr.Ambedkar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total cost for these fees to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Ambedkar Road?

The Sub Registrar Office that covers Dr.Ambedkar Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value of a property, which is used to calculate stamp duty and registration fees during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a price that reflects the prevailing market conditions, providing a transparent basis for taxation and legal documentation.

Frequently asked questions

What is the current guideline value of Dr.Ambedkar Road?

The current guideline value of Dr.Ambedkar Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 390 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 1028% over this period.

What is the registration office for Dr.Ambedkar Road?

The registration office for Dr.Ambedkar Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties on Dr.Ambedkar Road?

Stamp duty for properties on Dr.Ambedkar Road is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 3,08,000 at the current guideline value.

What are the other guideline values in Valasaravakkam?

Other streets in Valasaravakkam have varying guideline values, ranging from Rs 2,750 to Rs 8,800 per sq.ft. Dr.Ambedkar Road's value is above the median of Rs 3,850 per sq.ft for the area.