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Guideline Value

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Guideline Value for Sri Ambal Nagar Manali Ramakrishna Avenue Phase II

₹2200/sq.ft.

The guideline value for Sri Ambal Nagar Manali Ramakrishna Avenue Phase Ii 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 Manali Ramakrishna Avenue Phase Ii

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Sri Ambal Nagar Manali Ramakrishna Avenue Phase II guideline value

The current guideline value of Sri Ambal Nagar Manali Ramakrishna Avenue Phase II is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in the village of Mangadu -A and falls under the Kunrathur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Sri Ambal Nagar Manali Ramakrishna Avenue Phase II has changed

The guideline value has undergone several revisions over the years. The earliest recorded value for this street is from the 2017 revision, which was Rs 1,340 per sq.ft. The value increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49% over the six-year period. The most recent revision in 2024 has set the guideline value at Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Mangadu -A

In the village of 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. The median guideline value for these streets is Rs 1,870 per sq.ft, indicating that the current value of Sri Ambal Nagar Manali Ramakrishna Avenue Phase II is above this median.

Stamp duty and registration fee for property in Sri Ambal Nagar Manali Ramakrishna Avenue Phase II

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, bringing the total to Rs 1,98,000. It is important to note that stamp duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Sri Ambal Nagar Manali Ramakrishna Avenue Phase II?

The Sri Ambal Nagar Manali Ramakrishna Avenue Phase II falls under the jurisdiction of 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 an essential factor in the registration process of property transactions in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, it is crucial to understand that the guideline value is used to calculate the applicable taxes and fees, ensuring compliance with local regulations. Buyers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ambal Nagar Manali Ramakrishna Avenue Phase II?

The current guideline value of Sri Ambal Nagar Manali Ramakrishna Avenue Phase II 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 an overall increase of 64% over this period.

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 Nagar Manali Ramakrishna Avenue Phase II's value being above this median.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in this area is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Kunrathur Sub Registrar Office?

The Kunrathur Sub Registrar Office is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more information about it online.