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Guideline Value

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Guideline Value for Palaniappa 3rd Street (Venkateswara Nagar)

₹1600/sq.ft.

The guideline value for Palaniappa 3rd Street (venkateswara Nagar) in Oragadam village (Ambattur SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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 Palaniappa 3rd Street (venkateswara Nagar)

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Palaniappa 3rd Street (Venkateswara Nagar) guideline value

The current guideline value of Palaniappa 3rd Street (Venkateswara Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Class II Type - I.

How the guideline value of Palaniappa 3rd Street (Venkateswara Nagar) has changed

Over the years, the guideline value of Palaniappa 3rd Street has seen several revisions. In 2012, the guideline value was Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,500 per sq.ft in 2023, and then to Rs 1,600 per sq.ft in the 2024 revision, marking a 7% increase from the previous year. Overall, from 2012 to 2024, the guideline value has increased by 7%.

The revisions for the years 2002, 2003, and 2007 have no figures listed for this street. Thus, the changes noted are primarily between the years 2012, 2017, 2023, and 2024.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 3,500 per sq.ft as of 2024. The median guideline value in this area is Rs 2,200 per sq.ft, positioning Palaniappa 3rd Street's 2024 figure below that median.

Stamp duty and registration fee for property in Palaniappa 3rd Street (Venkateswara Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, while the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Palaniappa 3rd Street (Venkateswara Nagar)?

The Sub Registrar Office that covers Palaniappa 3rd Street (Venkateswara Nagar) 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 details.

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

The guideline value is a crucial factor in property transactions in Oragadam, as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall cost of the transaction. Ensuring that the property is registered at or above the guideline value is necessary to comply with local regulations.

Frequently asked questions

What is the current guideline value of Palaniappa 3rd Street (Venkateswara Nagar)?

The current guideline value of Palaniappa 3rd Street (Venkateswara Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the classification of the land on Palaniappa 3rd Street?

The land classification for Palaniappa 3rd Street (Venkateswara Nagar) is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Palaniappa 3rd Street?

The Sub Registrar Office for Palaniappa 3rd Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Palaniappa 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at 7%.