The structural materials of reprocessing and waste management plants are made from AISI Type 304L (UNS S30403) grade austenitic stainless steels and are prone to localized corrosion attack like intergranular corrosion (IGC). It is very important to detect and characterize this attack non-destructively. An ultrasonic-based, non-destructive evaluation technique has been developed to detect and estimate the depth of IGC attack in Type 304 (UNS S30400) stainless steel grade plate. Samples with varying degrees of IGC attack were generated in laboratory and used for this study. Ultrasonic measurement involved determination of sound velocity in longitudinal mode, longitudinal to shear velocity ratio, sound attenuation measurement, and spectral analysis. The elastic modulus measurement using a nano-hardness tester was carried out to formulate the basis of change in sound velocity in the IGC-attacked samples as compared to the virgin sample. This paper gives the details on the sample preparation method used for generation of IGC attack in Type 304 stainless steel plate and reports the results of ultrasonic measurement on the characterization of IGC attack. The results are compared with maximum depth of IGC attack estimated by microscopic examination.