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Guideline Value

Corporate

Guideline Value for Dr.Ambethkar Street (ward 9)

₹1650/sq.ft.

The guideline value for Dr.ambethkar Street (ward 9) in Kerugambakkam village (Pammal SRO, Chengalpattu zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kerugambakkam

Village

Pammal

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /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.ambethkar Street (ward 9)

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Dr.Ambethkar Street (ward 9) guideline value

The current guideline value of Dr.Ambethkar Street (ward 9) is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Kerugambakkam village under the Pammal SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Dr.Ambethkar Street (ward 9) has changed

The guideline value of Dr.Ambethkar Street has seen several revisions over the years. In 2017, the value was Rs 1,005 per sq.ft, which increased to Rs 1,500 per sq.ft in 2023, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for this street in the register for the years 2002, 2003, 2007, and 2012.

Guideline values in Kerugambakkam

In Kerugambakkam, there are 144 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Dr.Ambethkar Street (ward 9) is below this median.

Stamp duty and registration fee for property in Dr.Ambethkar Street (ward 9)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, making the total charges Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Dr.Ambethkar Street (ward 9)?

The Sub Registrar Office that covers Dr.Ambethkar Street (ward 9) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kerugambakkam, as it determines the minimum value at which properties can be registered. When you buy or sell a property, the guideline value is used to calculate the stamp duty and registration fees applicable to the transaction.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding any discrepancies that may arise during the property transfer.

Frequently asked questions

What is the current guideline value of Dr.Ambethkar Street (ward 9)?

The current guideline value of Dr.Ambethkar Street (ward 9) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,500 per sq.ft in 2023, and then to Rs 1,650 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the land classification of Dr.Ambethkar Street (ward 9)?

Dr.Ambethkar Street (ward 9) falls under the Residential Class III Type - II land classification.

What are the registration fees for properties in this area?

For properties in Dr.Ambethkar Street (ward 9), the registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Dr.Ambethkar Street (ward 9)?

The Sub Registrar Office for Dr.Ambethkar Street (ward 9) is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.