Guideline Value

Corporate

Guideline Value for Indian Bank Colony (TNSCB)

₹4000/sq.ft.

The guideline value for Indian Bank Colony (tnscb) in Ambattur village (Ambattur SRO, Chennai zone) is Rs 4000 per sq.ft, effective 1 July 2024. It was Rs 3700 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ambattur

Village

Ambattur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹4000 /sq.ft.
From 1-4-2023 ₹3700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2479 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3700 /sq.ft.
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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[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 Indian Bank Colony (tnscb)

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Indian Bank Colony (TNSCB) guideline value

The current guideline value of Indian Bank Colony (TNSCB) is Rs 4,000 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Indian Bank Colony (TNSCB) has changed

The guideline value for Indian Bank Colony (TNSCB) has undergone several revisions over the years. The 2012 revision set the value at Rs 3,700 per sq.ft, which then decreased to Rs 2,479 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,700 per sq.ft in 2023, before reaching the current rate of Rs 4,000 per sq.ft in 2024. The register has no figures for the years 2002, 2003, and 2007.

From 2017 to 2023, there was a notable increase of 49%, while the value decreased by 33% from 2012 to 2017. The overall change from 2012 to 2024 shows an increase of 8%. The increase from 2023 to 2024 is 8% as well.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. The guideline value for Indian Bank Colony (TNSCB) is above this median.

Stamp duty and registration fee for property in Indian Bank Colony (TNSCB)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, totaling Rs 3,60,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indian Bank Colony (TNSCB)?

The Sub Registrar Office that covers Indian Bank Colony (TNSCB) is located at Ambattur Sub Registrar Office, Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Ambattur. It serves as the minimum value for property transactions, ensuring that properties are not sold for less than the set guideline value.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs involved in the transaction process. This ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Indian Bank Colony (TNSCB)?

The current guideline value of Indian Bank Colony (TNSCB) is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then increased to Rs 3,700 per sq.ft in 2023, and finally to Rs 4,000 per sq.ft in 2024.

What is the land classification for Indian Bank Colony (TNSCB)?

Indian Bank Colony (TNSCB) is classified as Residential Special Type - II.

What are the stamp duty and registration fees for a property in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 40,00,000, the total fees would amount to Rs 3,60,000.

Which office handles registrations for Indian Bank Colony (TNSCB)?

The Ambattur Sub Registrar Office handles registrations for Indian Bank Colony (TNSCB), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.