Guideline Value

Corporate

Guideline Value for AMBATTUR CO-OPERATIVE NAGAR

₹880/sq.ft.

The guideline value for Ambattur Co-operative Nagar in Koladi village (Chennai South Joint Ii 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 Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Class II Type - II
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 ₹800 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Ambattur Co-operative Nagar

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Ambattur Co-Operative Nagar guideline value

The current guideline value of Ambattur Co-Operative Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This area is located in Koladi village, under the Chennai South Joint II SRO, and is classified as Residential Class II Type - II.

How the guideline value of Ambattur Co-Operative Nagar has changed

The guideline value of Ambattur Co-Operative Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 800 per sq.ft in 2012. However, it experienced a decrease to Rs 536 per sq.ft in 2017. The value then rose to Rs 800 per sq.ft in 2023 and has now reached Rs 880 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 193%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Koladi

In Koladi village, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 660 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Ambattur Co-Operative Nagar is below this median.

Stamp duty and registration fee for property in Ambattur Co-Operative 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, bringing the total cost to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Ambattur Co-Operative Nagar?

The Sub Registrar Office covering Ambattur Co-Operative Nagar is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Koladi. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When buyers or sellers engage in a transaction, the guideline value helps ensure that the property is assessed fairly for taxation purposes. This value is used by the registration authorities to calculate the necessary fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ambattur Co-Operative Nagar?

The current guideline value of Ambattur Co-Operative 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 changed from Rs 300 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 193% over this period.

What is the land classification for Ambattur Co-Operative Nagar?

Ambattur Co-Operative Nagar is classified as Residential Class II Type - II.

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

Other streets in Koladi include Amman Nagar, Amman Nagar 2nd Main Road, Amman Nagar 3rd Cross Street, Amman Nagar 3rd Main Road, Amman Nagar Extension 2nd Cross, and Amman Nagar Extension 3rd Cross, all at Rs 1,650 per sq.ft for 2024.

How is the stamp duty calculated for properties in Ambattur Co-Operative Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 8,80,000 would incur a stamp duty of Rs 61,600.