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Guideline Value

Corporate

Guideline Value for Taramani Road North Side Ambica Street

₹4400/sq.ft.

The guideline value for Taramani Road North Side Ambica Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 ₹1800 /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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Taramani Road North Side Ambica Street

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Taramani Road North Side Ambica Street guideline value

The current guideline value of Taramani Road North Side Ambica Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village under the Velacheri SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Taramani Road North Side Ambica Street has changed

The guideline value for Taramani Road North Side Ambica Street has seen several revisions over the years. In the 2007 revision, the value was Rs 1,800 per sq.ft. This increased to Rs 2,680 per sq.ft in 2017, marking a 49% rise. The value then rose to Rs 4,000 per sq.ft in 2023, reflecting another 49% increase. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2012 for this street. Overall, from 2007 to 2024, the guideline value has increased by 144%.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. Taramani Road North Side Ambica Street's 2024 guideline value matches this median.

Stamp duty and registration fee for property in Taramani Road North Side Ambica Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Taramani Road North Side Ambica Street?

The Taramani Road North Side Ambica Street falls under the jurisdiction of the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is crucial during property registration as it determines the amount of stamp duty and registration fees payable. Buyers and sellers must consider this value when finalizing transactions to ensure compliance with local regulations.

When registering a property, the guideline value serves as a benchmark, ensuring that the transaction is recorded at a fair value as per government standards. This helps in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Taramani Road North Side Ambica Street?

The current guideline value of Taramani Road North Side Ambica Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 1,800 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024. This represents an overall increase of 144% over the years.

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

Other streets in Velachery include Taramani Road (100ft Road) at Rs 13,200 per sq.ft, Taramani Street at Rs 4,400 per sq.ft, and Tansi Nagar Vivekanandar Street at Rs 4,950 per sq.ft, among others.

How is stamp duty calculated for properties in Taramani Road North Side Ambica Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000.

Where can I find the Sub Registrar Office for Taramani Road North Side Ambica Street?

The Velacheri Sub Registrar Office covers Taramani Road North Side Ambica Street and is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.