Guideline Value for Tass avenue

Tass avenue guideline value

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

How the guideline value of Tass avenue has changed

The guideline value of Tass Avenue 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 2023, marking a change of +9%. Prior to that, in 2017, the value was Rs 2,345 per sq.ft, reflecting a significant increase of +49% by 2023. The 2012 revision also recorded a value of Rs 3,500 per sq.ft, which was a decrease of -33% from the 2017 figure. Notably, 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 seen a modest increase of +9%. The fluctuations in the values indicate changes in the property landscape, with the most substantial rise occurring between 2017 and 2023.

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 is Rs 3,600 per sq.ft, positioning Tass Avenue's 2024 figure above this median.

• Tass Industrial Estate I: Rs 3,800 per sq.ft (2024)
• Tass Industrial Estate Part II: Rs 3,800 per sq.ft (2024)
• Teachers Colony 1st Main Road: Rs 2,800 per sq.ft (2024)
• Teachers Colony 1st Street: Rs 2,800 per sq.ft (2024)
• Teachers Colony 20th street: Rs 2,800 per sq.ft (2024)
• Tank Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Tass avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tass avenue?

The Sub Registrar Office covering Tass Avenue 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 plays a crucial role during the registration process of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and in line with government regulations.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial obligations involved in the transaction, based on the official valuation of the property.

Frequently asked questions

What is the current guideline value of Tass avenue?

The current guideline value of Tass Avenue 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 3,500 per sq.ft in 2023 to Rs 3,800 per sq.ft in 2024. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification of Tass avenue?

Tass Avenue is classified as Industries Type - II, indicating its suitability for industrial activities.

Where can I find the Sub Registrar Office for Tass avenue?

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

How is the stamp duty calculated for property in Tass avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at 7%.