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Guideline Value

Corporate

Guideline Value for Indian Bank Colony 2nd Avenue

₹4000/sq.ft.

The guideline value for Indian Bank Colony 2nd 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 2nd Avenue

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Indian Bank Colony 2nd Avenue guideline value

The current guideline value of Indian Bank Colony 2nd 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 2nd Avenue has changed

The guideline value for Indian Bank Colony 2nd Avenue has seen several revisions over the years. In 2012, the value was set at Rs 3,700 per sq.ft. This figure remained unchanged until 2017, when it dropped to Rs 2,479 per sq.ft. Following this, the value increased significantly to Rs 3,700 per sq.ft in 2023, and then rose again to Rs 4,000 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, there has been an increase of 8%. The register does not have figures for the years 2002, 2003, and 2007 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 value is Rs 3,600 per sq.ft, placing Indian Bank Colony 2nd Avenue's 2024 figure above this median.

Stamp duty and registration fee for property in Indian Bank Colony 2nd Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, making the total cost 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.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Indian Bank Colony 2nd Avenue?

The Sub Registrar Office that covers Indian Bank Colony 2nd 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 when registering property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory during the registration process. Buyers should be aware of the current guideline value to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Indian Bank Colony 2nd Avenue?

The current guideline value of Indian Bank Colony 2nd Avenue is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 3,700 in 2012 to Rs 2,479 in 2017, then to Rs 3,700 in 2023, and finally to Rs 4,000 in 2024.

What is the land classification for Indian Bank Colony 2nd Avenue?

Indian Bank Colony 2nd Avenue is classified as Residential Special Type - II.

What are the other streets with the same guideline value in Ambattur?

Other streets in Ambattur with a guideline value of Rs 4,000 per sq.ft in 2024 include Indian Bank Colony 1st Street, Indian Bank Colony 2nd Cross Street, Indian Bank Colony 1st Main Road, Indian Bank Colony 2nd Main Road, Indian Bank Colony 1st Cross Street, and Indian Bank Colony 2nd Street.

Where can I find the Sub Registrar Office for Indian Bank Colony 2nd Avenue?

The Sub Registrar Office for Indian Bank Colony 2nd Avenue is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.