Guideline Value

Corporate

Guideline Value for T.I. Cycle Road

₹6500/sq.ft.

The guideline value for T.i. Cycle Road in Ambattur village (Ambattur SRO, Chennai zone) is Rs 6500 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ambattur

Village

Ambattur

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6500 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /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 T.i. Cycle Road

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T.I. Cycle Road guideline value

The current guideline value of T.I. Cycle Road is Rs 6,500 per sq.ft, effective from 1 July 2024. This road is located in Ambattur village, under the Ambattur SRO, and is classified as Commercial Class I Type - I.

How the guideline value of T.I. Cycle Road has changed

The guideline value for T.I. Cycle Road has undergone several revisions over the years. The 2012 revision set the value at Rs 6,500 per sq.ft, which remained unchanged in the subsequent revisions of 2017 and 2023. However, the 2017 revision saw a significant increase from Rs 4,355 per sq.ft in 2017, marking a 49% rise. The 2024 revision again reflects the same value of Rs 6,500 per sq.ft, indicating no change from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has remained at Rs 6,500 per sq.ft, showing stability in the recent revisions.

Guideline values in Ambattur

In Ambattur village, 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. The median guideline value for these streets is Rs 3,600 per sq.ft, placing T.I. Cycle Road above this median.

Stamp duty and registration fee for property in T.I. Cycle Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,500 per sq.ft, the total guideline value amounts to Rs 65,00,000. The stamp duty at 7% would be Rs 4,55,000, and the registration fee at 2% would be Rs 1,30,000. Together, the total cost for stamp duty and registration would be Rs 5,85,000. It is important to note that the 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 T.I. Cycle Road?

The Sub Registrar Office that covers T.I. Cycle Road 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 the registration of property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the guideline value as it directly impacts the total cost of the transaction. Ensuring that the property is registered at the correct guideline value can help avoid legal issues and ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of T.I. Cycle Road?

The current guideline value of T.I. Cycle Road is Rs 6,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent being Rs 6,500 per sq.ft in both 2023 and 2024. It increased from Rs 4,355 per sq.ft in 2017, marking a 49% rise.

What is the land classification for T.I. Cycle Road?

T.I. Cycle Road is classified as Commercial Class I Type - I.

What are the stamp duty and registration fees for property in T.I. Cycle Road?

For a property valued at Rs 6,500 per sq.ft, the total stamp duty at 7% would be Rs 4,55,000, and the registration fee at 2% would be Rs 1,30,000, totaling Rs 5,85,000.

Which Sub Registrar Office covers T.I. Cycle Road?

The Ambattur Sub Registrar Office covers T.I. Cycle Road, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.