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Guideline Value

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Guideline Value for Sri Ambal Gajalakshmi Nagar Phase I to IV

₹2200/sq.ft.

The guideline value for Sri Ambal Gajalakshmi Nagar Phase I To Iv in Mangadu -a village (Kunrathur SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mangadu -a

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[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 Sri Ambal Gajalakshmi Nagar Phase I To Iv

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Sri Ambal Gajalakshmi Nagar Phase I to IV guideline value

The current guideline value for Sri Ambal Gajalakshmi Nagar Phase I to IV is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A village under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of Sri Ambal Gajalakshmi Nagar Phase I to IV has changed

The guideline value for Sri Ambal Gajalakshmi Nagar Phase I to IV has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, which follows the 2023 revision of Rs 2,000 per sq.ft, marking a 10% increase. Prior to that, in 2017, the guideline value was Rs 1,340 per sq.ft, indicating a significant increase of 49% to the 2023 figure.

Notably, there are no figures available for the years 2002, 2003, 2007, and 2012 for this street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing Sri Ambal Gajalakshmi Nagar Phase I to IV above this median.

Stamp duty and registration fee for property in Sri Ambal Gajalakshmi Nagar Phase I to IV

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Sri Ambal Gajalakshmi Nagar Phase I to IV?

The Sub Registrar Office that covers Sri Ambal Gajalakshmi Nagar Phase I to IV is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor when registering property transactions in Mangadu -A. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of the property.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This ensures transparency and fairness in property transactions within the area.

Frequently asked questions

What is the current guideline value for Sri Ambal Gajalakshmi Nagar Phase I to IV?

The current guideline value for Sri Ambal Gajalakshmi Nagar Phase I to IV is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 64% over that period.

What is the stamp duty rate for property transactions in this area?

The stamp duty rate for property transactions in Sri Ambal Gajalakshmi Nagar Phase I to IV is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Sri Ambal Gajalakshmi Nagar Phase I to IV is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Mangadu -A?

The median guideline value for streets in Mangadu -A is Rs 1,870 per sq.ft, with Sri Ambal Gajalakshmi Nagar Phase I to IV being above this median at Rs 2,200 per sq.ft.