Guideline Value

Corporate

Guideline Value for Tass Industrial Estate Part II

₹3800/sq.ft.

The guideline value for Tass Industrial Estate Part Ii in Ambattur village (Ambattur SRO, Chennai zone) is Rs 3800 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 9% change. The land classification is Industries Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ambattur

Village

Ambattur

SRO

Industries Type - II
History
Period Guideline Value
From 1-7-2024 ₹3800 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /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 Tass Industrial Estate Part Ii

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Tass Industrial Estate Part II guideline value

The current guideline value of Tass Industrial Estate Part II is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Ambattur village under the Ambattur SRO, classified as Industries Type - II.

How the guideline value of Tass Industrial Estate Part II has changed

The guideline value of Tass Industrial Estate Part II has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,800 per sq.ft, which is an increase from Rs 3,500 per sq.ft in the 2023 revision, marking a change of +9%. Prior to that, in 2017, the value was Rs 2,345 per sq.ft, which reflects a significant increase of +49% to the 2023 figure. The 2012 revision also recorded a value of Rs 3,500 per sq.ft, indicating a decrease of -33% to the 2017 value. The register has no figures for the years 2002, 2003, and 2007.

Overall, from the 2012 revision to the 2024 revision, there has been a +9% change in the guideline value. The 2024 figure of Rs 3,800 per sq.ft is above the median guideline value of Rs 3,600 per sq.ft for the 448 streets in Ambattur under the Ambattur SRO.

Guideline values in Ambattur

In Ambattur, the guideline values range from Rs 1,400 to Rs 8,209 per sq.ft as of the 2024 revision. The guideline value for Tass Industrial Estate Part II is positioned above the median value, indicating its relative standing within the locality.

Stamp duty and registration fee for property in Tass Industrial Estate Part II

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. Please 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 Tass Industrial Estate Part II?

The Sub Registrar Office that covers Tass Industrial Estate Part II 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 buying or selling property in Ambattur. It determines the minimum value at which property transactions must be registered, ensuring transparency and compliance with local regulations.

When you register a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Tass Industrial Estate Part II?

The current guideline value for Tass Industrial Estate Part II is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,345 per sq.ft in 2017 to Rs 3,800 per sq.ft in 2024, with several revisions in between, including Rs 3,500 per sq.ft in 2023 and 2012.

What is the registration fee for property in Tass Industrial Estate Part II?

The registration fee is calculated based on the guideline value. For a property valued at Rs 38,00,000, the registration fee would be Rs 76,000, which is 2% of the guideline value.

Where can I find the Sub Registrar Office for Tass Industrial Estate Part II?

The Sub Registrar Office for Tass Industrial Estate Part II is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the purpose of the guideline value in property transactions?

The guideline value serves as a benchmark for property transactions, ensuring that properties are registered at a minimum value. It is used to calculate stamp duty and registration fees, which are essential for legal property transfers.