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Guideline Value

Corporate

Guideline Value for T.N.H.B. Phase I & II (Commercial)

₹5500/sq.ft.

The guideline value for T.n.h.b. Phase I & Ii (commercial) in Ambattur village (Ambattur SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ambattur

Village

Ambattur

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /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.n.h.b. Phase I & Ii (commercial)

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T.N.H.B. Phase I & II (Commercial) guideline value

The current guideline value for T.N.H.B. Phase I & II (Commercial) is Rs 5,500 per sq.ft, effective from 1 July 2024. This property is located in Ambattur village, under the Ambattur SRO, and is classified as Commercial Class I Type - III.

How the guideline value of T.N.H.B. Phase I & II (Commercial) has changed

The guideline value for T.N.H.B. Phase I & II (Commercial) has seen several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which then decreased to Rs 3,350 per sq.ft in the 2017 revision. Following this, the value increased to Rs 5,000 per sq.ft in the 2023 revision, and finally rose to Rs 5,500 per sq.ft in the 2024 revision. The register has no figure for this street for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased by 49%, and from 2023 to 2024, there was a 10% increase. Overall, comparing the figures from 2012 to 2024, the guideline value has increased by 10%.

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 T.N.H.B. Phase I & II (Commercial) is above this median.

Stamp duty and registration fee for property in T.N.H.B. Phase I & II (Commercial)

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. Please 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 details.

Which Sub Registrar Office covers T.N.H.B. Phase I & II (Commercial)?

The Sub Registrar Office that covers T.N.H.B. Phase I & II (Commercial) 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 when registering property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees payable during a property transaction.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a value that reflects the current market conditions, which is essential for both the buyer and seller during the registration process.

Frequently asked questions

What is the current guideline value for T.N.H.B. Phase I & II (Commercial)?

The current guideline value for T.N.H.B. Phase I & II (Commercial) is Rs 5,500 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 2012 to Rs 3,350 per sq.ft in 2017, then to Rs 5,000 per sq.ft in 2023, and finally to Rs 5,500 per sq.ft in 2024.

What are the stamp duty and registration fees for T.N.H.B. Phase I & II (Commercial)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,95,000.

Which office handles registrations for T.N.H.B. Phase I & II (Commercial)?

The Ambattur Sub Registrar Office handles registrations for T.N.H.B. Phase I & II (Commercial), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the significance of the guideline value during property transactions?

The guideline value is significant as it determines the stamp duty and registration fees during property transactions. It ensures that the property is registered at a value that reflects current market conditions.