Guideline Value for I.C.F.Colony

I.C.F.Colony guideline value

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

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

The guideline value for I.C.F.Colony has undergone several revisions over the years. In 2002, the value was Rs 99 per sq.ft, which increased to Rs 125 per sq.ft in 2003. The following revisions saw significant changes, with the value rising to Rs 400 per sq.ft in 2007, and then to Rs 1,600 per sq.ft in 2012. However, it decreased to Rs 1,072 per sq.ft in 2017 before climbing to Rs 1,600 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft.

Notable changes between these revisions include a 6% increase from 2023 to 2024, a 49% increase from 2017 to 2023, a 33% decrease from 2012 to 2017, a 300% increase from 2007 to 2012, a 220% increase from 2003 to 2007, and a 26% increase from 2002 to 2003. Overall, from 2002 to 2024, the guideline value has increased by 1,617%.

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. The median value for these streets is Rs 1,300 per sq.ft, making the guideline value for I.C.F.Colony above this median.

• I.C.F.Colony Extn.: 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

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

For more information, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers I.C.F.Colony 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 find your SRO for further assistance.

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

The guideline value plays a crucial role during the registration process of property transactions in Ayappakkam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated. This ensures that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it may affect the overall cost of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

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

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

How has the guideline value of I.C.F.Colony changed over the years?

The guideline value has changed from Rs 99 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, showing significant increases and a few decreases in between.

What is the median guideline value in Ayappakkam?

The median guideline value in Ayappakkam for 2024 is Rs 1,300 per sq.ft, with I.C.F.Colony's value being above this median.

What are the stamp duty rates for property in I.C.F.Colony?

The stamp duty for property in I.C.F.Colony is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for I.C.F.Colony?

The Ambattur Sub Registrar Office covers I.C.F.Colony and is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.