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Guideline Value

Corporate

Guideline Value for Indian Bank Colony 1st Street

₹4000/sq.ft.

The guideline value for Indian Bank Colony 1st Street 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 Street

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Indian Bank Colony 1st Street guideline value

The current guideline value of Indian Bank Colony 1st Street 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 Street has changed

The guideline value for Indian Bank Colony 1st Street has seen several revisions over the years. The 2012 revision listed the value at Rs 3,700 per sq.ft, which then decreased to Rs 2,479 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,700 per sq.ft, and the most recent revision in 2024 set it at Rs 4,000 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From the 2023 revision to the 2024 revision, there was an increase of 8%. Notably, the overall change from the 2012 revision to the 2024 revision is an increase of 8%, while the increase from 2017 to 2023 was a substantial 49%. The decrease from 2012 to 2017 was 33%.

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 value is Rs 3,600 per sq.ft, making the guideline value for Indian Bank Colony 1st Street above this median.

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

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, resulting in a total of Rs 3,60,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

The Sub Registrar Office that covers Indian Bank Colony 1st Street 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 details.

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

The guideline value is a critical factor in property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that all necessary taxes are paid based on the established guideline value.

Frequently asked questions

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

The current guideline value of Indian Bank Colony 1st Street 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 1st Street?

Indian Bank Colony 1st Street is classified as Residential Special Type - II.

Where can I find the registration office for Indian Bank Colony 1st Street?

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

How is stamp duty calculated for properties in Indian Bank Colony 1st Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 40,00,000, the stamp duty would be Rs 2,80,000 at a rate of 7%.