Guideline Value

Corporate

Guideline Value for PAL AMBUKKAN NAGAR

₹1320/sq.ft.

The guideline value for Pal Ambukkan Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹126 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹107 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Pal Ambukkan Nagar

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Pal Ambukkan Nagar guideline value

The current guideline value of Pal Ambukkan Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Pal Ambukkan Nagar has changed

The guideline value for Pal Ambukkan Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 107 per sq.ft. It increased to Rs 126 per sq.ft in 2003, marking an 18% rise. The value then saw significant growth, reaching Rs 400 per sq.ft in 2007, which was a 217% increase. In 2012, the value was Rs 1,200 per sq.ft, reflecting a 200% increase from the previous revision. However, in 2017, it dropped to Rs 804 per sq.ft, a decrease of 33%. The value rose again to Rs 1,200 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 1,320 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,134%. There are no figures available for this street in the revisions of years not mentioned in this summary.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with guideline values for 2024 ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value in this area is Rs 1,650 per sq.ft, placing Pal Ambukkan Nagar's 2024 figure below that median.

Stamp duty and registration fee for property in Pal Ambukkan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pal Ambukkan Nagar?

The Sub Registrar Office that covers Pal Ambukkan Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pallikaranai

The guideline value is a crucial factor in the registration process when buying or selling property in Pallikaranai. It serves as a benchmark to calculate the stamp duty and registration fees, ensuring that these costs are based on the official valuation of the property.

When a property is registered, the guideline value helps determine the legal value of the property, which is used to assess the applicable taxes. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Pal Ambukkan Nagar?

The current guideline value of Pal Ambukkan Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 107 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 1,134% over this period.

What is the registration office for Pal Ambukkan Nagar?

The registration office for Pal Ambukkan Nagar is the Chennai South Joint I Sub Registrar Office, located in Fanepet Nandanam, Chennai -600 035.

How is stamp duty calculated for properties in Pal Ambukkan Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 at a rate of 7%.

What are the guideline values for other streets in Pallikaranai?

The guideline values for other streets in Pallikaranai vary, with rates ranging from Rs 1,110 to Rs 8,580 per sq.ft. For example, Palandiamman Street and Pandian Nagar both have a guideline value of Rs 1,320 per sq.ft in 2024.