Guideline Value

Corporate

Guideline Value for Ambathur Industrial Estate

₹6600/sq.ft.

The guideline value for Ambathur Industrial Estate in Mugappair village (Konnur SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Industries Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Mugappair

Village

Konnur

SRO

Industries Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1042 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹519 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹472 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Register Office , Villivakkam Panchat,union Office Complex ,dunlop Bus Stop ,ambattur ,chennai
044-26173020
[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 Ambathur Industrial Estate

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Ambathur Industrial Estate guideline value

The current guideline value of Ambathur Industrial Estate is Rs 6,600 per sq.ft, effective from 1 July 2024. This area is located in Mugappair village and falls under the Konnur SRO with a land classification of Industries Type - I.

How the guideline value of Ambathur Industrial Estate has changed

The guideline value for Ambathur Industrial Estate has seen several revisions over the years. In 2002, the guideline value was Rs 472 per sq.ft. This increased to Rs 519 per sq.ft in 2003, marking a 10% rise. The value then rose significantly to Rs 1,042 per sq.ft in 2007, which was an increase of 101%. Following this, the value surged to Rs 6,000 per sq.ft in 2012, reflecting a substantial increase of 476%. However, it then decreased to Rs 4,020 per sq.ft in 2017, a drop of 33%. The guideline value was Rs 6,000 per sq.ft in 2023, before reaching its current value of Rs 6,600 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1298%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Mugappair

In Mugappair, there are 224 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 8,800 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value for Ambathur Industrial Estate is below this median.

Stamp duty and registration fee for property in Ambathur Industrial Estate

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making a total of Rs 5,94,000. 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 Ambathur Industrial Estate?

The Sub Registrar Office that covers Ambathur Industrial Estate is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Mugappair. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately in the official registry.

When you register a property, the guideline value helps establish the minimum value at which the property can be sold. This means that the stamp duty will be calculated based on the higher of the guideline value or the actual sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Ambathur Industrial Estate?

The current guideline value of Ambathur Industrial Estate is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 472 per sq.ft in 2002 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 1298% over the years.

What are the stamp duty rates for properties in Ambathur Industrial Estate?

The stamp duty for properties in Ambathur Industrial Estate is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value in Mugappair?

The median guideline value in Mugappair is Rs 7,100 per sq.ft, with Ambathur Industrial Estate's current value being below this median.