Guideline Value

Corporate

Guideline Value for I.C.F.Employees Colony

₹2400/sq.ft.

The guideline value for I.c.f.employees Colony in 5. Athipattu village (Konnur SRO, Chennai zone) is Rs 2400 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

5. Athipattu

Village

Konnur

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2400 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
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)

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 I.c.f.employees Colony

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I.C.F.Employees Colony guideline value

The current guideline value of I.C.F. Employees Colony is Rs 2,400 per sq.ft, effective from 1 July 2024. This area is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class I Type - I.

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

The guideline value for I.C.F. Employees Colony has seen significant changes over the years. The earliest recorded figure is from the 2017 revision, which was Rs 1,474 per sq.ft. This increased to Rs 2,200 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 shows a further increase to Rs 2,400 per sq.ft, reflecting a 9% change from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Overall, from the 2017 revision to the current 2024 revision, the guideline value has increased by 63%. This consistent rise indicates a growing valuation for properties in this area.

Guideline values in 5. Athipattu

In 5. Athipattu village, the guideline values vary across different streets. The current figures range from Rs 1,100 to Rs 7,650 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for I.C.F. Employees Colony at Rs 2,400 per sq.ft is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

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

The I.C.F. Employees Colony falls under the Konnur Sub Registrar Office. The address is: Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role during property transactions in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

This ensures that the government receives the appropriate revenue from property transactions. Therefore, understanding the guideline value is essential for anyone looking to buy or sell property in this area.

Frequently asked questions

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

The current guideline value of I.C.F. Employees Colony is Rs 2,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From the 2017 revision to the 2024 revision, the guideline value has increased by 63%, from Rs 1,474 per sq.ft to Rs 2,400 per sq.ft.

What is the stamp duty rate applicable in I.C.F. Employees Colony?

The stamp duty rate applicable in I.C.F. Employees Colony is 7% of the guideline value or sale price, whichever is higher.

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

The Konnur Sub Registrar Office covers I.C.F. Employees Colony, located at Sub Register Office, Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the guideline values of other streets in 5. Athipattu?

Other streets in 5. Athipattu have varying guideline values. For example, Indira Gandhi Street (Chelliamman Nagar) is Rs 2,200 per sq.ft, while Industrial Estate (Thozhil Pettai) is Rs 4,401 per sq.ft.