Guideline Value

Corporate

Guideline Value for Indian Bank Colony 2nd Main Road

₹4000/sq.ft.

The guideline value for Indian Bank Colony 2nd Main Road 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 Main Road

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Indian Bank Colony 2nd Main Road guideline value

The current guideline value for Indian Bank Colony 2nd Main Road is Rs 4,000 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

Over the years, the guideline value for Indian Bank Colony 2nd Main Road has undergone several revisions. 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 at Rs 3,700 per sq.ft until the 2023 revision, which increased it to Rs 3,700 per sq.ft, followed by the latest revision in 2024, which raised it to Rs 4,000 per sq.ft, marking an 8% increase from the previous year.

In summary, from the 2017 revision to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figure 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 for these streets is Rs 3,600 per sq.ft, placing Indian Bank Colony 2nd Main Road's 2024 figure above that median.

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

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, bringing the total to Rs 3,60,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations.

Which Sub Registrar Office covers Indian Bank Colony 2nd Main Road?

The Sub Registrar Office that covers Indian Bank Colony 2nd Main Road 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 properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential to be aware of the latest guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Indian Bank Colony 2nd Main Road?

The current guideline value for Indian Bank Colony 2nd Main Road 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 several times, with the 2024 revision setting it at Rs 4,000 per sq.ft, up from Rs 3,700 per sq.ft in 2023, and Rs 2,479 per sq.ft in 2017.

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

Indian Bank Colony 2nd Main Road is classified as Residential Special Type - II, which indicates its suitability for residential purposes.

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

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

How is stamp duty calculated for property in Indian Bank Colony 2nd Main Road?

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