Guideline Value

Corporate

Guideline Value for Teachers Colony 2nd Street

₹2800/sq.ft.

The guideline value for Teachers Colony 2nd 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 Street

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Teachers Colony 2nd Street guideline value

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

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

The guideline value for Teachers Colony 2nd Street has seen several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 2,600 per sq.ft. This was followed by a decrease to Rs 1,742 per sq.ft in 2017. The next revision in 2023 saw an increase to Rs 2,600 per sq.ft, which was then revised again in 2024 to the current value of Rs 2,800 per sq.ft.

In terms of percentage changes, the guideline value increased by 8% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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. The median guideline value for these streets is Rs 3,600 per sq.ft, making the 2024 figure for Teachers Colony 2nd Street below the median.

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

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the 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, bringing the total to Rs 2,52,000. Please 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 Teachers Colony 2nd Street?

The Sub Registrar Office that covers Teachers Colony 2nd 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 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 reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the correct amount during the transaction process.

Frequently asked questions

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

The current guideline value of Teachers Colony 2nd 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 changed from Rs 2,600 per sq.ft in 2023 to Rs 2,800 per sq.ft in 2024, showing an increase of 8%. It was Rs 1,742 per sq.ft in 2017 and Rs 2,600 per sq.ft in 2012.

What is the land classification for Teachers Colony 2nd Street?

Teachers Colony 2nd Street is classified as Residential Class II Type - II, indicating its designation for residential use.

What are the stamp duty rates applicable in Ambattur?

The stamp duty rate in Ambattur is 7%, while the registration fee is 2%. These rates apply to the higher of the guideline value or the sale price during property transactions.

Where can I find the Sub Registrar Office for Teachers Colony 2nd Street?

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