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Guideline Value for TNHB SriRam Flats (S.No.481/1, 2)

₹3600/sq.ft.

The guideline value for Tnhb Sriram Flats (s.no.481/1, 2) in Ambattur village (Ambattur SRO, Chennai zone) is Rs 3600 per sq.ft, effective 1 July 2024. It was Rs 3300 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ambattur

Village

Ambattur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹3600 /sq.ft.
From 1-4-2023 ₹3300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2211 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3300 /sq.ft.
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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Tnhb Sriram Flats (s.no.481/1, 2)

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TNHB SriRam Flats (S.No.481/1, 2) guideline value

The current guideline value for TNHB SriRam Flats (S.No.481/1, 2) is Rs 3,600 per sq.ft, effective from 1 July 2024. This property is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class I Type - I.

How the guideline value of TNHB SriRam Flats (S.No.481/1, 2) has changed

The guideline value for this property has undergone several revisions over the years. The earliest available figure is from 2012, which was Rs 3,300 per sq.ft. This value then decreased to Rs 2,211 per sq.ft in 2017, representing a decline of 33%. Following this, the value increased significantly to Rs 3,300 per sq.ft in 2023, and then to Rs 3,600 per sq.ft in 2024, marking a 9% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 9% increase in the guideline value. The current value of Rs 3,600 per sq.ft aligns with the median guideline value for Ambattur, which is also Rs 3,600 per sq.ft as of 2024.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The guideline value for TNHB SriRam Flats (S.No.481/1, 2) is equal to the median value of Rs 3,600 per sq.ft. Below are other streets in Ambattur:

Stamp duty and registration fee for property in TNHB SriRam Flats (S.No.481/1, 2)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, bringing the total to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers TNHB SriRam Flats (S.No.481/1, 2)?

The TNHB SriRam Flats (S.No.481/1, 2) falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Ambattur. It serves as the basis for calculating the stamp duty and registration fees, which are mandatory expenses for buyers and sellers. The guideline value reflects the minimum value at which properties in a particular area can be registered.

When a property is sold, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives due revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for TNHB SriRam Flats?

The current guideline value for TNHB SriRam Flats (S.No.481/1, 2) is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then increased to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,600 per sq.ft in 2024.

What is the median guideline value in Ambattur?

The median guideline value in Ambattur is Rs 3,600 per sq.ft as of 2024, which is the same as the guideline value for TNHB SriRam Flats (S.No.481/1, 2).

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

How is stamp duty calculated for properties in Ambattur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For TNHB SriRam Flats, the stamp duty would be calculated on the current guideline value of Rs 3,600 per sq.ft.