Guideline Value for Industiral Estate (South Phase)

Industiral Estate (South Phase) guideline value

The current guideline value for Industiral Estate (South Phase) is Rs 5,400 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village and falls under the Ambattur SRO, classified as Industries Type - I.

How the guideline value of Industiral Estate (South Phase) has changed

Over the years, the guideline value for Industiral Estate (South Phase) has seen several revisions. The 2012 revision set the guideline value at Rs 5,000 per sq.ft, which was then reduced to Rs 3,350 per sq.ft in the 2017 revision. The value increased significantly in the 2023 revision to Rs 5,000 per sq.ft, and further rose to Rs 5,400 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. There are no figures available for the revisions in 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, with a median value of Rs 3,600 per sq.ft. The guideline value for Industiral Estate (South Phase) is above this median.

• Industrial Estate 3rd Main Road: Rs 5,400 per sq.ft (2024)
• Industrial Estate (North Phase): Rs 5,400 per sq.ft (2024)
• Indira nagar Extn.: Rs 1,900 per sq.ft (2024)
• Indira nagar: Rs 1,900 per sq.ft (2024)
• Indira Gandhi Street: Rs 2,200 per sq.ft (2024)
• Indira (Gandhi) Nagar 7th Street: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Industiral Estate (South Phase)

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value amounts to Rs 54,00,000. The stamp duty at 7% would be Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, bringing the total fees to Rs 4,86,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Industiral Estate (South Phase)?

The Industiral Estate (South Phase) is covered by 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 details.

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

The guideline value is a critical factor when registering property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

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

Frequently asked questions

What is the current guideline value for Industiral Estate (South Phase)?

The current guideline value for Industiral Estate (South Phase) is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 in 2012 to Rs 3,350 in 2017, then back to Rs 5,000 in 2023, and finally to Rs 5,400 in 2024. This represents an overall increase of 8% from 2012 to 2024.

Which Sub Registrar Office handles registrations for this area?

The Ambattur Sub Registrar Office handles registrations for Industiral Estate (South Phase), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.

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

For a property valued at Rs 54,00,000, the stamp duty would be Rs 3,78,000 and the registration fee would be Rs 1,08,000, totaling Rs 4,86,000. These fees are calculated based on the guideline value or sale price, whichever is higher.

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum value for property registration in Ambattur. It ensures that the appropriate stamp duty and registration fees are collected, making it a crucial aspect of the buying and selling process.