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Guideline Value

Corporate

Guideline Value for Sri Ambal Nagar Lakshmi Avenue

₹1540/sq.ft.

The guideline value for Sri Ambal Nagar Lakshmi Avenue in Chennerkuppam village (Kunrathur SRO, Chennai zone) is Rs 1540 per sq.ft, effective 1 July 2024. It was Rs 1400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chennerkuppam

Village

Kunrathur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1540 /sq.ft.
From 1-4-2023 ₹1400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹938 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹450 /sq.ft.
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 Lakshmi Avenue

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Sri Ambal Nagar Lakshmi Avenue guideline value

The current guideline value of Sri Ambal Nagar Lakshmi Avenue is Rs 1,540 per sq.ft, effective from 1 July 2024. This street is located in Chennerkuppam village, under the Kunrathur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Sri Ambal Nagar Lakshmi Avenue has changed

The guideline value for Sri Ambal Nagar Lakshmi Avenue has seen several revisions over the years. In 2007, the guideline value was Rs 450 per sq.ft. This increased significantly to Rs 1,400 per sq.ft in 2012, marking a 211% increase. However, in 2017, the value decreased to Rs 938 per sq.ft, a drop of 33%. The value then rose to Rs 1,400 per sq.ft in 2023, representing a 49% increase from the previous revision. The most recent revision in 2024 set the guideline value at Rs 1,540 per sq.ft, a 10% increase from 2023.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 242%.

Guideline values in Chennerkuppam

In Chennerkuppam, there are 74 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,895 per sq.ft. The median guideline value for these streets is Rs 1,540 per sq.ft, which is the same as the current value for Sri Ambal Nagar Lakshmi Avenue.

Stamp duty and registration fee for property in Sri Ambal Nagar Lakshmi Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value would be Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total to Rs 1,38,600. Please 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 Sri Ambal Nagar Lakshmi Avenue?

The Sub Registrar Office covering Sri Ambal Nagar Lakshmi Avenue 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 Chennerkuppam

The guideline value is a critical factor in property transactions in Chennerkuppam, as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair and legally recognized price.

During the registration process, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the property is appropriately valued for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of Sri Ambal Nagar Lakshmi Avenue?

The current guideline value of Sri Ambal Nagar Lakshmi Avenue is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 450 per sq.ft in 2007 to Rs 1,540 per sq.ft in 2024, reflecting an overall increase of 242% over the years.

What are the other streets in Chennerkuppam with their guideline values?

Other streets in Chennerkuppam include Sri Balaji Nagar at Rs 1,815 per sq.ft, Sri Devi Nagar at Rs 1,430 per sq.ft, and Sri Kamakshi Amman Nagar at Rs 1,655 per sq.ft, among others.

Where is the Kunrathur Sub Registrar Office located?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is stamp duty calculated for properties in Sri Ambal Nagar Lakshmi Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 15,40,000 would incur a stamp duty of Rs 1,07,800.