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Guideline Value

Corporate

Guideline Value for Sri Ambal Nagar Extension I to VIII

₹2200/sq.ft.

The guideline value for Sri Ambal Nagar Extension I To Viii 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 Nagar Extension I To Viii

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Sri Ambal Nagar Extension I to VIII guideline value

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

How the guideline value of Sri Ambal Nagar Extension I to VIII has changed

Since the 2017 revision, the guideline value has seen significant increases. The 2017 revision set the value at Rs 1,340 per sq.ft, which then rose to Rs 2,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 has further increased the guideline value to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

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

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft, with a median value of Rs 1,870 per sq.ft. The guideline value of Sri Ambal Nagar Extension I to VIII is above this median.

Stamp duty and registration fee for property in Sri Ambal Nagar Extension I to VIII

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

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

Which Sub Registrar Office covers Sri Ambal Nagar Extension I to VIII?

The Sri Ambal Nagar Extension I to VIII falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value is a critical factor during the registration of property transactions in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the transaction complies with the legal requirements for property registration. This value helps in calculating the necessary fees that must be paid at the time of registration.

Frequently asked questions

What is the current guideline value of Sri Ambal Nagar Extension I to VIII?

The current guideline value of Sri Ambal Nagar Extension I to VIII is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, reflecting a 64% overall increase.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office handles registrations for this area?

The Kunrathur Sub Registrar Office handles registrations for Sri Ambal Nagar Extension I to VIII, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the guideline value determined for properties in Mangadu -A?

The guideline value is determined by the Registration Department and is based on various factors, including land classification and historical data from previous revisions.