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Guideline Value for Thiruvalluvar St. 16th ward(Thiruvalluvar ngr.)

₹1400/sq.ft.

The guideline value for Thiruvalluvar St. 16th Ward(thiruvalluvar Ngr.) in Ambattur village (Ambattur SRO, Chennai zone) is Rs 1400 per sq.ft, effective 1 July 2024. It was Rs 1300 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class V Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ambattur

Village

Ambattur

SRO

Residential Class V Type - II
History
Period Guideline Value
From 1-7-2024 ₹1400 /sq.ft.
From 1-4-2023 ₹1300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹871 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1300 /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 Thiruvalluvar St. 16th Ward(thiruvalluvar Ngr.)

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Thiruvalluvar St. 16th ward(Thiruvalluvar ngr.) guideline value

The current guideline value for Thiruvalluvar St. 16th ward (Thiruvalluvar Nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Class V Type - II.

How the guideline value of Thiruvalluvar St. 16th ward(Thiruvalluvar ngr.) has changed

The guideline value for Thiruvalluvar St. 16th ward has undergone several revisions over the years. The 2012 revision set the value at Rs 1,300 per sq.ft, which was then decreased to Rs 871 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 1,300 per sq.ft in the 2023 revision, and finally, it rose to Rs 1,400 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. However, the value dropped by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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, with a median value of Rs 3,600 per sq.ft. Thiruvalluvar St. 16th ward's 2024 figure is below this median.

Stamp duty and registration fee for property in Thiruvalluvar St. 16th ward(Thiruvalluvar ngr.)

For a 1,000 sq.ft plot at the current rate of Rs 1,400 per sq.ft, the guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, totaling Rs 1,26,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar St. 16th ward(Thiruvalluvar ngr.)?

The Sub Registrar Office that covers Thiruvalluvar St. 16th ward (Thiruvalluvar Nagar) is 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 when registering property transactions in Ambattur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buyers and sellers agree on a sale price, the higher value between the sale price and the guideline value will be used to calculate the applicable duties. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value for Thiruvalluvar St. 16th ward?

The current guideline value for Thiruvalluvar St. 16th ward (Thiruvalluvar Nagar) is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2023 to Rs 1,400 per sq.ft in 2024. It was previously Rs 871 per sq.ft in 2017, showing a significant increase since then.

What is the land classification for Thiruvalluvar St. 16th ward?

The land classification for Thiruvalluvar St. 16th ward (Thiruvalluvar Nagar) is Residential Class V Type - II.

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 Thiruvalluvar St. 16th ward?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 14,00,000, the stamp duty would be Rs 98,000 at a rate of 7%.