Guideline Value for Industrial Estate (North Phase)

Industrial Estate (North Phase) guideline value

The current guideline value of Industrial Estate (North Phase) is Rs 5,400 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village, under the Ambattur SRO, with a land classification of Industries Type - I.

How the guideline value of Industrial Estate (North Phase) has changed

The guideline value has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 5,400 per sq.ft, an increase from Rs 5,000 per sq.ft in 2023, reflecting an 8% rise. Prior to that, the 2017 revision recorded a value of Rs 3,350 per sq.ft, which marked a significant increase of 49% from the previous 2012 figure of Rs 5,000 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

In the 2012 revision, the value was Rs 5,000 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, comparing the values from 2012 to 2024, there has been an increase of 8%.

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, placing the Industrial Estate (North Phase) guideline value above this median.

• Industrial Estate 3rd Main Road: Rs 5,400 per sq.ft (2024)
• Industiral Estate (South 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 Industrial Estate (North 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 cost for these 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 use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Industrial Estate (North Phase)?

The Industrial Estate (North Phase) 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 registration zone.

To locate your SRO, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Ambattur. It is used to determine the stamp duty and registration fees that are applicable when a property is bought or sold.

When registering a property, the guideline value is referenced to ensure that the fees are calculated based on the current market standards set by the Registration Department. This helps maintain transparency and uniformity in property transactions.

Frequently asked questions

What is the current guideline value of Industrial Estate (North Phase)?

The current guideline value of Industrial Estate (North 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 per sq.ft in 2023 to Rs 5,400 per sq.ft in 2024. It was Rs 3,350 per sq.ft in 2017 and Rs 5,000 per sq.ft in 2012.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total fee of Rs 4,86,000 based on the current guideline value.

Which office handles property registrations in Industrial Estate (North Phase)?

The Ambattur Sub Registrar Office handles property registrations for Industrial Estate (North Phase). It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is the guideline value determined in Ambattur?

The guideline value in Ambattur is determined by the Registration Department's guideline value register, which is updated periodically. It reflects the market conditions and property classifications in the area.