Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Indian Bank Colony 3rd Cross Street

₹4000/sq.ft.

The guideline value for Indian Bank Colony 3rd Cross 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 3rd Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Indian Bank Colony 3rd Cross Street guideline value

The current guideline value of Indian Bank Colony 3rd Cross 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 3rd Cross Street has changed

The guideline value for Indian Bank Colony 3rd Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the guideline value was Rs 3,700 per sq.ft. This was followed by a decrease to Rs 2,479 per sq.ft in 2017. The 2023 revision saw an increase to Rs 3,700 per sq.ft, and the most recent revision in 2024 has set the value at Rs 4,000 per sq.ft.

Between the revisions, the changes are as follows: from 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 8%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO carrying 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 3rd Cross Street is above this median.

Stamp duty and registration fee for property in Indian Bank Colony 3rd Cross Street

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 for these fees 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indian Bank Colony 3rd Cross Street?

The Sub Registrar Office that covers Indian Bank Colony 3rd Cross 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 online.

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

The guideline value is a crucial factor during property registration in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the registration process reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value for Indian Bank Colony 3rd Cross Street?

The current guideline value for Indian Bank Colony 3rd Cross 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 up 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 3rd Cross Street?

Indian Bank Colony 3rd Cross Street is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Indian Bank Colony 3rd Cross Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 40,00,000, the stamp duty would be Rs 2,80,000 and the registration fee would be Rs 80,000.