Guideline Value for Ambathur Industrial Estate

Ambathur Industrial Estate guideline value

The current guideline value of Ambathur Industrial Estate is Rs 4,900 per sq.ft, effective from 1 July 2024. This area is located in Pattravakkam village and falls under the Konnur SRO, classified as Commercial Special Type - I.

How the guideline value of Ambathur Industrial Estate has changed

The guideline value has undergone several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012. However, it saw a decrease to Rs 3,015 per sq.ft in 2017. The value then rose to Rs 4,500 per sq.ft in 2023, and the latest revision in 2024 set the value at Rs 4,900 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

Between the revisions, there have been notable changes. From 2007 to 2012, the value increased by 350%, but it then decreased by 33% from 2012 to 2017. The value then surged by 49% from 2017 to 2023, and finally, there was a 9% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has risen by 390%.

Guideline values in Pattravakkam

Pattravakkam village has 34 streets under the Konnur SRO, with guideline values ranging from Rs 1,100 to Rs 4,900 per sq.ft. The median value for these streets is Rs 1,500 per sq.ft, placing the 2024 figure for Ambathur Industrial Estate above this median.

• Bajanai Koil Street: Rs 1,500 per sq.ft (2024)
• Balamurugan Nagar: Rs 1,100 per sq.ft (2024)
• Bramana Street: Rs 2,200 per sq.ft (2024)
• D.T.P. Colony & Streets: Rs 2,200 per sq.ft (2024)
• Ganamoorthi Nagar Extension & Streets & Lanes: Rs 2,200 per sq.ft (2024)
• Gnanamoorthi Street: Rs 2,200 per sq.ft (2024)

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 4,900 per sq.ft, the guideline value amounts to Rs 49,00,000. The stamp duty at 7% would be Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

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 Pattravakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Pattravakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value is used to determine the applicable fees, which are charged on the higher of the guideline value or the sale price. This ensures that the registration process is transparent and consistent across all transactions.

Frequently asked questions

What is the current guideline value of Ambathur Industrial Estate?

The current guideline value of Ambathur Industrial Estate is Rs 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,000 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, with various increases and decreases across the years.

What are the guideline values of other streets in Pattravakkam?

Other streets in Pattravakkam have varying guideline values, with rates ranging from Rs 1,100 to Rs 4,900 per sq.ft. For instance, Bajanai Koil Street is valued at Rs 1,500 per sq.ft, while Bramana Street is at Rs 2,200 per sq.ft.

What fees are associated with buying property in Ambathur Industrial Estate?

When buying property in Ambathur Industrial Estate, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value, which is Rs 4,900 per sq.ft as of the latest revision.

Where can I find the Sub Registrar Office for Ambathur Industrial Estate?

The Sub Registrar Office for Ambathur Industrial Estate is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find more details online.