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Guideline Value

Corporate

Guideline Value for Indian Bank Colony 1st Avenue

₹4000/sq.ft.

The guideline value for Indian Bank Colony 1st Avenue 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 1st Avenue

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Indian Bank Colony 1st Avenue guideline value

The current guideline value of Indian Bank Colony 1st Avenue is Rs 4,000 per sq.ft, effective from 1 July 2024. This street 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 1st Avenue has changed

The guideline value for Indian Bank Colony 1st Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 3,700 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,479 per sq.ft. The value remained unchanged in the 2023 revision, which was Rs 3,700 per sq.ft, before increasing to Rs 4,000 per sq.ft in the 2024 revision, marking an 8% increase. The register has no figure for the years 2002, 2003, and 2007.

From 2017 to 2023, the guideline value increased significantly by 49%. Overall, from 2012 to 2024, there has been an 8% increase in the guideline value for this street.

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. The median guideline value is Rs 3,600 per sq.ft, placing the 2024 figure for Indian Bank Colony 1st Avenue above this median.

Stamp duty and registration fee for property in Indian Bank Colony 1st Avenue

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, leading to a total of Rs 3,60,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indian Bank Colony 1st Avenue?

The Sub Registrar Office that covers Indian Bank Colony 1st Avenue 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 more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Indian Bank Colony 1st Avenue?

The current guideline value of Indian Bank Colony 1st Avenue 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 2023 to Rs 4,000 per sq.ft in 2024, an increase of 8%. It was Rs 2,479 per sq.ft in 2017, showing a 49% increase by 2023.

What is the land classification for Indian Bank Colony 1st Avenue?

Indian Bank Colony 1st Avenue is classified as Residential Special Type - II. This classification affects the guideline value and the type of properties that can be developed in the area.

What are the stamp duty rates applicable?

The stamp duty rate is 7% of the guideline value, and the registration fee is 2%. These rates apply to the higher of the guideline value or the sale price during property transactions.

Where can I find the Sub Registrar Office for Indian Bank Colony 1st Avenue?

The Sub Registrar Office for Indian Bank Colony 1st Avenue is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.