Guideline Value for Dr.Ambedkar Street
₹440/sq.ft.
The guideline value for Dr.ambedkar Street in Vengambakkam village (Tambaram Joint 1 SRO, Chengalpattu zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Vengambakkam
Village
Tambaram Joint 1
SRO
Residential Class I Type - III
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹440 /sq.ft. |
| From 1-4-2023 | ₹400 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹268 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹400 /sq.ft. |
| 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)
No.26,mes Road, East Tambaram, Chennai-600059.
044-22397171
[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]
Records for a plot on Dr.ambedkar Street
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Tambaram Joint 1 sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Dr.Ambedkar Street guideline value
The current guideline value of Dr.Ambedkar Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Vengambakkam village, under the Tambaram Joint 1 SRO, and is classified as Residential Class I Type - III.
How the guideline value of Dr.Ambedkar Street has changed
In the 2012 revision, the guideline value was Rs 400 per sq.ft. This figure remained the same in the next revision in 2017, where it was noted at Rs 268 per sq.ft, marking a decrease of 33%. The subsequent revision in 2023 saw a significant increase to Rs 400 per sq.ft, followed by another increase to Rs 440 per sq.ft in the 2024 revision, which is a rise of 10% from the previous year. The register has no figures for the years 2002, 2003, and 2007.
From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The change from 2017 to 2023 was a notable increase of 49%, reflecting a shift in the guideline value during this period.
Guideline values in Vengambakkam
In Vengambakkam, there are 88 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 440 to Rs 5,000 per sq.ft. The median guideline value for these streets is Rs 770 per sq.ft, placing Dr.Ambedkar Street's 2024 figure below this median.
- Dollars Colony Phase - I: Rs 2,200 per sq.ft (2024)
- Easwaran Koil Street: Rs 550 per sq.ft (2024)
- Church Street: Rs 440 per sq.ft (2024)
- First Cross Road: Rs 550 per sq.ft (2024)
- First Cross Street: Rs 550 per sq.ft (2024)
- Bbcl Auracity: Rs 1,650 per sq.ft (2024)
Stamp duty and registration fee for property in Dr.Ambedkar Street
For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, bringing the total fees to Rs 39,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers Dr.Ambedkar Street?
The Sub Registrar Office that covers Dr.Ambedkar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.
How the guideline value is used when you buy or sell in Vengambakkam
The guideline value plays a crucial role in the registration process when buying or selling property in Vengambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.
When a property is sold, the buyer must ensure that the sale price is at least equal to the guideline value. If the sale price is lower than the guideline value, the stamp duty will be calculated based on the guideline value instead of the sale price, thereby safeguarding the interests of the government in property transactions.
Frequently asked questions
What is the current guideline value of Dr.Ambedkar Street?
The current guideline value of Dr.Ambedkar Street is Rs 440 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 2012 to Rs 268 per sq.ft in 2017, then to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.
What is the land classification of Dr.Ambedkar Street?
Dr.Ambedkar Street is classified as Residential Class I Type - III.
Where can I find the Sub Registrar Office for Dr.Ambedkar Street?
The Sub Registrar Office for Dr.Ambedkar Street is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.
How is the stamp duty calculated for properties in Vengambakkam?
Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at Rs 440 per sq.ft, the stamp duty would be calculated on Rs 4,40,000.
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