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Guideline Value

Corporate

Guideline Value for Indira (Gandhi) Nagar 7th Street

₹1900/sq.ft.

The guideline value for Indira (gandhi) Nagar 7th 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 7th Street

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Indira (Gandhi) Nagar 7th Street guideline value

The current guideline value of Indira (Gandhi) Nagar 7th 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 7th Street has changed

The guideline value for Indira (Gandhi) Nagar 7th Street has undergone several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 1,800 per sq.ft. This figure then decreased to Rs 1,206 per sq.ft in 2017, reflecting a decline of 33%. In 2023, the value rose to Rs 1,800 per sq.ft, and as of the 2024 revision, it has increased further to Rs 1,900 per sq.ft, marking a 6% increase from the previous year.

There are no recorded guideline values for Indira (Gandhi) Nagar 7th Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has seen a slight increase of 6%.

Guideline values in Ambattur

In Ambattur, there are a total of 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft as of 2024. The median guideline value in the area is Rs 3,600 per sq.ft, indicating that the 2024 guideline value of Indira (Gandhi) Nagar 7th Street is below this median.

Stamp duty and registration fee for property in Indira (Gandhi) Nagar 7th 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 cost for these fees to Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Indira (Gandhi) Nagar 7th Street?

The Indira (Gandhi) Nagar 7th Street falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai. You can find your SRO for further assistance.

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

When buying or selling property in Ambattur, the guideline value is a crucial factor during the registration process. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately in accordance with government regulations.

Both buyers and sellers should be aware that the guideline value may influence the stamp duty and registration fees applicable to the transaction. It is essential to refer to the latest guideline values to ensure compliance and to understand the financial implications of the property transaction.

Frequently asked questions

What is the current guideline value of Indira (Gandhi) Nagar 7th Street?

The current guideline value of Indira (Gandhi) Nagar 7th 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 back to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,900 per sq.ft in 2024.

What are the stamp duty and registration fees for properties 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 Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Indira (Gandhi) Nagar 7th Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the land classification for Indira (Gandhi) Nagar 7th Street?

Indira (Gandhi) Nagar 7th Street is classified as Residential Class IV Type - II.