Guideline Value

Corporate

Guideline Value for Sri Ambal Nagar

₹880/sq.ft.

The guideline value for Sri Ambal Nagar in Manimangalam A village (Padappai SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manimangalam A

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /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)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[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

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Sri Ambal Nagar guideline value

The current guideline value of Sri Ambal Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This street is located in Manimangalam A village, under the Padappai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Sri Ambal Nagar has changed

The guideline value for Sri Ambal Nagar has undergone several revisions over the years. The earliest recorded revision is from 2017, with a guideline value of Rs 536 per sq.ft. In 2023, this value increased to Rs 800 per sq.ft, marking a significant rise of 49%. The latest revision in 2024 further increased the value to Rs 880 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 64%.

Guideline values in Manimangalam A

In Manimangalam A, there are 112 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 880 per sq.ft, which is equal to the current guideline value of Sri Ambal Nagar.

Stamp duty and registration fee for property in Sri Ambal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for duty and registration Rs 79,200. It is important to 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 specific calculations.

Which Sub Registrar Office covers Sri Ambal Nagar?

The Sub Registrar Office that covers Sri Ambal Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Manimangalam A, as it determines the minimum value at which a property can be registered. This value is used to calculate stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value as per government regulations. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ambal Nagar?

The current guideline value of Sri Ambal Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 64% over this period. The value also increased by 10% from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024.

What are the other streets in Manimangalam A?

Other streets in Manimangalam A include Sri Aravindhar City, Sri Astalakshmi Nagar, Sri Astalakshmi Nagar Extension, Sri Gajalakshmi Nagar Annex I to III, Sri Gajalakshmi Nagar Extension, and Siyan Nagar, each with their respective guideline values for 2024.

What are the stamp duty and registration fees for properties in Sri Ambal Nagar?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 880 per sq.ft, the total costs would be Rs 79,200.

Where can I find the Sub Registrar Office for Sri Ambal Nagar?

The Padappai Sub Registrar Office covers Sri Ambal Nagar and is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301. You can find more information by visiting the appropriate link.