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Guideline Value

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Guideline Value for Hemalakshmi Street (Ashok Nagar)

₹806/sq.ft.

The guideline value for Hemalakshmi Street (ashok Nagar) in Kovilpathagai village (Ambattur SRO, Chennai zone) is Rs 806 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kovilpathagai

Village

Ambattur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹806 /sq.ft.
From 1-4-2023 ₹806 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹402 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹600 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[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 Hemalakshmi Street (ashok Nagar)

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Hemalakshmi Street (Ashok Nagar) guideline value

The current guideline value of Hemalakshmi Street (Ashok Nagar) is Rs 806 per sq.ft, effective from 1 July 2024. This street is located in Kovilpathagai village under the Ambattur SRO, classified as Residential Class III Type - I.

How the guideline value of Hemalakshmi Street (Ashok Nagar) has changed

Looking at the revisions, the guideline value for Hemalakshmi Street (Ashok Nagar) was Rs 600 per sq.ft in 2012, which increased to Rs 402 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value rose significantly by 100% to Rs 806 per sq.ft. The value remained unchanged at Rs 806 per sq.ft from 2023 to 2024.

The register has no figures for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 34%.

Guideline values in Kovilpathagai

Kovilpathagai has a total of 278 streets under the Ambattur SRO, with guideline values ranging from Rs 803 to Rs 2,900 per sq.ft. The median guideline value for the village is Rs 870 per sq.ft, which means Hemalakshmi Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Hemalakshmi Street (Ashok Nagar)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 8,06,000. The stamp duty at 7% would be Rs 56,420, and the registration fee at 2% would be Rs 16,120, totaling Rs 72,540. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Hemalakshmi Street (Ashok Nagar)?

The Sub Registrar Office that covers Hemalakshmi Street (Ashok Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which properties can be registered. When buying or selling property in Kovilpathagai, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

During the registration process, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This ensures that the property is valued fairly according to the established guidelines, which helps maintain transparency in real estate transactions.

Frequently asked questions

What is the current guideline value of Hemalakshmi Street (Ashok Nagar)?

The current guideline value of Hemalakshmi Street (Ashok Nagar) is Rs 806 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent being Rs 806 per sq.ft in 2024, which is the same as in 2023. It was Rs 402 per sq.ft in 2017 and Rs 600 per sq.ft in 2012.

What is the land classification for Hemalakshmi Street (Ashok Nagar)?

Hemalakshmi Street (Ashok Nagar) is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Hemalakshmi Street (Ashok Nagar)?

The Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Kovilpathagai?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 8,06,000, the stamp duty at 7% would amount to Rs 56,420.