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Guideline Value

Corporate

Guideline Value for Indira (Gandhi) Nagar 2nd Street

₹1900/sq.ft.

The guideline value for Indira (gandhi) Nagar 2nd Street in Ambattur village (Ambattur SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ambattur

Village

Ambattur

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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 Indira (gandhi) Nagar 2nd Street

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Indira (Gandhi) Nagar 2nd Street guideline value

The current guideline value of Indira (Gandhi) Nagar 2nd Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Indira (Gandhi) Nagar 2nd Street has changed

In the 2012 revision, the guideline value was Rs 1,800 per sq.ft. This value decreased to Rs 1,206 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2023, the value significantly increased to Rs 1,800 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, which is a 6% increase from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, indicating that the guideline value of Indira (Gandhi) Nagar 2nd Street is below this median.

Stamp duty and registration fee for property in Indira (Gandhi) Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total fees to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira (Gandhi) Nagar 2nd Street?

The Sub Registrar Office that covers Indira (Gandhi) Nagar 2nd 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 information.

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 determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for government revenue. Buyers should be aware that the guideline value can vary significantly between different streets and areas within Ambattur.

Frequently asked questions

What is the current guideline value of Indira (Gandhi) Nagar 2nd Street?

The current guideline value of Indira (Gandhi) Nagar 2nd Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent increase being from Rs 1,800 per sq.ft in 2023 to Rs 1,900 per sq.ft in 2024, a change of 6%.

What is the land classification for Indira (Gandhi) Nagar 2nd Street?

Indira (Gandhi) Nagar 2nd Street is classified as Residential Class IV Type - II.

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

The Ambattur Sub Registrar Office, which covers Indira (Gandhi) Nagar 2nd Street, is 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 Indira (Gandhi) Nagar 2nd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 1,33,000.