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Guideline Value

Corporate

Guideline Value for Indira (Gandhi) Nagar 3rd street

₹1900/sq.ft.

The guideline value for Indira (gandhi) Nagar 3rd 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 3rd Street

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Indira (Gandhi) Nagar 3rd street guideline value

The current guideline value of Indira (Gandhi) Nagar 3rd 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 3rd street has changed

In the 2012 revision, the guideline value was Rs 1,800 per sq.ft. This decreased to Rs 1,206 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly by 49% to Rs 1,800 per sq.ft in the 2023 revision. Finally, the current 2024 revision sets the value at Rs 1,900 per sq.ft, reflecting 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 value for these streets is Rs 3,600 per sq.ft, indicating that the 2024 guideline value for Indira (Gandhi) Nagar 3rd street is below this median.

Stamp duty and registration fee for property in Indira (Gandhi) Nagar 3rd street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, leading to a total of Rs 1,71,000. Duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Indira (Gandhi) Nagar 3rd street?

The Indira (Gandhi) Nagar 3rd street falls under 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 plays a crucial role when buying or selling property in Ambattur. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers should be aware that the duty is charged based on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for both parties to ensure compliance with the registration requirements. It helps in determining the financial obligations associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Indira (Gandhi) Nagar 3rd street?

The current guideline value of Indira (Gandhi) Nagar 3rd 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 changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then increased to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What is the land classification for Indira (Gandhi) Nagar 3rd street?

Indira (Gandhi) Nagar 3rd street is classified as Residential Class IV Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Which office handles registrations for Indira (Gandhi) Nagar 3rd street?

The Ambattur Sub Registrar Office handles registrations for Indira (Gandhi) Nagar 3rd street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.