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Guideline Value

Corporate

Guideline Value for Thiruvengada Nagar 7th Street

₹5100/sq.ft.

The guideline value for Thiruvengada Nagar 7th Street in Ambattur village (Ambattur SRO, Chennai zone) is Rs 5100 per sq.ft, effective 1 July 2024. It was Rs 4700 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ambattur

Village

Ambattur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹5100 /sq.ft.
From 1-4-2023 ₹4700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3149 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4700 /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 Thiruvengada Nagar 7th Street

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Thiruvengada Nagar 7th Street guideline value

The current guideline value of Thiruvengada Nagar 7th Street is Rs 5,100 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, classified as Residential Special Type - I.

How the guideline value of Thiruvengada Nagar 7th Street has changed

In the 2012 revision, the guideline value for Thiruvengada Nagar 7th Street was Rs 4,700 per sq.ft. This value decreased to Rs 3,149 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 4,700 per sq.ft in the 2023 revision, followed by a further increase to the current rate of Rs 5,100 per sq.ft in the 2024 revision, representing a 9% increase from the previous year. The register has no figure for this street for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 9%. The most notable change was between 2017 and 2023, where there was a 49% increase in the guideline value.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, placing Thiruvengada Nagar 7th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Thiruvengada Nagar 7th Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 51,00,000. The stamp duty at 7% would be Rs 3,57,000, and the registration fee at 2% would be Rs 1,02,000, totaling Rs 4,59,000. 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 details.

Which Sub Registrar Office covers Thiruvengada Nagar 7th Street?

The Sub Registrar Office that covers Thiruvengada Nagar 7th Street 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 also find your SRO online.

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

The guideline value is a crucial factor during the registration of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property must be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is essential to consider this value when negotiating sale prices, as the registration fees will be based on the higher of the guideline value or the agreed sale price.

Frequently asked questions

What is the current guideline value of Thiruvengada Nagar 7th Street?

The current guideline value of Thiruvengada Nagar 7th Street is Rs 5,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,700 per sq.ft in 2012 to Rs 3,149 per sq.ft in 2017, then back to Rs 4,700 per sq.ft in 2023, and finally to Rs 5,100 per sq.ft in 2024.

What is the land classification for Thiruvengada Nagar 7th Street?

Thiruvengada Nagar 7th Street is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Thiruvengada Nagar 7th Street?

The Sub Registrar Office for Thiruvengada Nagar 7th Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty and registration fees for properties in Thiruvengada Nagar 7th Street?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For example, for a 1,000 sq.ft plot at the current guideline value of Rs 51,00,000, the total fees would be Rs 4,59,000.