Guideline Value for P.V. city

P.V. city guideline value

The current guideline value of P.V. city, Ambattur village, under the Ambattur SRO is Rs 3,600 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of P.V. city has changed

The guideline value for P.V. city has seen several revisions over the years. The 2012 revision recorded a value of Rs 3,300 per sq.ft, which then decreased to Rs 2,211 per sq.ft in the 2017 revision. Following this, the value increased to Rs 3,300 per sq.ft in 2023, and finally, the current value stands at Rs 3,600 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, while the value increased by 49% from 2017 to 2023. The overall change from 2012 to 2024 is an increase of 9%. The most recent change from 2023 to 2024 reflects a rise of 9%.

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, with the median being Rs 3,600 per sq.ft. P.V. city's 2024 guideline value is equal to this median.

• Pushpammal Street: Rs 4,600 per sq.ft (2024)
• Ragavendra samy Street: Rs 4,000 per sq.ft (2024)
• Ragavendra Street: Rs 4,000 per sq.ft (2024)
• Rail Vihar Phase -II A: Rs 1,800 per sq.ft (2024)
• Prithvipakkam West Park street: Rs 4,000 per sq.ft (2024)
• Prithvipakkam East Park street: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in P.V. city

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, while the registration fee at 2% would be Rs 72,000, bringing the total fees to Rs 3,24,000. 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 P.V. city?

The Sub Registrar Office that covers P.V. city 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

When buying or selling property in Ambattur, the guideline value is a critical factor in determining the registration fees. The guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties adhere to the legal requirements during the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the overall cost of the property transaction. Understanding these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of P.V. city?

The current guideline value of P.V. city is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2012 to Rs 2,211 per sq.ft in 2017, then increased to Rs 3,300 per sq.ft in 2023, and finally to Rs 3,600 per sq.ft in 2024.

What is the land classification for P.V. city?

P.V. city falls under the Residential Class I Type - I land classification.

What are the stamp duty and registration fees for property in P.V. city?

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 and the registration fee would be Rs 72,000, totaling Rs 3,24,000.

Where is the Sub Registrar Office for P.V. city located?

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