Guideline Value

Corporate

Guideline Value for Teachers Colony 2nd Cross Street

₹2800/sq.ft.

The guideline value for Teachers Colony 2nd Cross Street in Ambattur village (Ambattur SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2600 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ambattur

Village

Ambattur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1742 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2600 /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 Teachers Colony 2nd Cross Street

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Teachers Colony 2nd Cross Street guideline value

The current guideline value of Teachers Colony 2nd Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, classified as Residential Class II Type - II.

How the guideline value of Teachers Colony 2nd Cross Street has changed

The guideline value for Teachers Colony 2nd Cross Street has undergone several revisions over the years. In 2012, the guideline value was Rs 2,600 per sq.ft. This figure decreased to Rs 1,742 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,600 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 set the guideline value at Rs 2,800 per sq.ft, which is an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has seen an increase of 8%.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that have a guideline value for 2024, 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, which means that the guideline value of Teachers Colony 2nd Cross Street is below this median.

Stamp duty and registration fee for property in Teachers Colony 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000. Together, these fees total Rs 2,52,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Teachers Colony 2nd Cross Street?

The Sub Registrar Office that covers Teachers Colony 2nd Cross Street 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 further assistance.

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. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Additionally, the guideline value helps in establishing a transparent pricing mechanism for properties in the area. Buyers and sellers can use this information to make informed decisions during property transactions, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Teachers Colony 2nd Cross Street?

The current guideline value of Teachers Colony 2nd Cross Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 2,600 per sq.ft in 2012, decreasing to Rs 1,742 per sq.ft in 2017, and then increasing to Rs 2,600 per sq.ft in 2023. The latest revision in 2024 set the value at Rs 2,800 per sq.ft.

What is the land classification of Teachers Colony 2nd Cross Street?

Teachers Colony 2nd Cross Street is classified as Residential Class II Type - II, indicating its suitability for residential development.

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

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations in this area?

The Ambattur Sub Registrar Office handles property registrations for Teachers Colony 2nd Cross Street. The office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur- 600 053, Chennai registration zone.