Guideline Value for I.C.F.Colony Extn.

I.C.F.Colony Extn. guideline value

The current guideline value of I.C.F.Colony Extn. is Rs 1,700 per sq.ft, effective from 1 July 2024. This area is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of I.C.F.Colony Extn. has changed

The guideline value for I.C.F.Colony Extn. has seen several revisions over the years. In 2007, the value was set at Rs 400 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in 2012, showing a 300% rise. However, this value then dropped to Rs 1,072 per sq.ft in 2017, marking a decrease of 33%.

From 2017 to 2023, the guideline value surged to Rs 1,600 per sq.ft, reflecting a 49% increase. The most recent revision in 2024 raised the value to Rs 1,700 per sq.ft, a 6% increase from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. I.C.F.Colony Extn. is positioned above this median.

• I.C.F.Colony: Rs 1,700 per sq.ft (2024)
• Gunasekaran Nagar: Rs 1,700 per sq.ft (2024)
• Green Garden: Rs 1,700 per sq.ft (2024)
• Iyappan street 1st Cross Street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Iyappan street 2nd Cross Street (Iyappan nagar): Rs 1,700 per sq.ft (2024)
• Iyappan street (Iyappan nagar): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in I.C.F.Colony Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers I.C.F.Colony Extn.?

The I.C.F.Colony Extn. falls under the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role during property transactions in Ayappakkam. It is used to determine the minimum value at which a property can be registered. Buyers and sellers must be aware that the registration fees and stamp duty are calculated based on this guideline value.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. This helps maintain transparency and accountability in property dealings within the region.

Frequently asked questions

What is the current guideline value of I.C.F.Colony Extn.?

The current guideline value of I.C.F.Colony Extn. is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 325% over the years.

What are the other streets with the same guideline value in Ayappakkam?

Other streets in Ayappakkam with the same guideline value of Rs 1,700 per sq.ft include I.C.F.Colony, Gunasekaran Nagar, Green Garden, and several streets in Iyappan Nagar.

Where can I find the Ambattur Sub Registrar Office?

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 in I.C.F.Colony Extn.?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 17,00,000 would incur a stamp duty of Rs 1,19,000.