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Guideline Value

Corporate

Guideline Value for Palaniyappa Nagar(11th Avenue)

₹2200/sq.ft.

The guideline value for Palaniyappa Nagar(11th Avenue) in Oragadam village (Ambattur SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Oragadam

Village

Ambattur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹747 /sq.ft.
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 Palaniyappa Nagar(11th Avenue)

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Palaniyappa Nagar(11th Avenue) guideline value

The current guideline value of Palaniyappa Nagar(11th Avenue) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Palaniyappa Nagar(11th Avenue) has changed

The guideline value for Palaniyappa Nagar(11th Avenue) has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 747 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 168%. However, it then dropped to Rs 1,340 per sq.ft in 2017, a decrease of 33%. Following this, the value saw a substantial increase of 49% to reach Rs 2,000 per sq.ft in 2023, and finally, it rose by 10% to the current figure of Rs 2,200 per sq.ft in 2024.

It is important to note that the guideline value register does not have figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 195%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value of Palaniyappa Nagar(11th Avenue).

Stamp duty and registration fee for property in Palaniyappa Nagar(11th Avenue)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Palaniyappa Nagar(11th Avenue)?

The Sub Registrar Office that covers Palaniyappa Nagar(11th Avenue) 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 Oragadam

The guideline value is a crucial factor during property registration in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider the guideline value as it influences the stamp duty and registration fees applicable during the transaction.

When purchasing or selling property, the guideline value is used to calculate the stamp duty, which is charged at a percentage of the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Palaniyappa Nagar(11th Avenue)?

The current guideline value of Palaniyappa Nagar(11th Avenue) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 747 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting a total increase of 195% over the years.

What are the stamp duty rates for properties in Palaniyappa Nagar(11th Avenue)?

The stamp duty for properties in Palaniyappa Nagar(11th Avenue) is charged at 7% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Palaniyappa Nagar(11th Avenue)?

The Ambattur Sub Registrar Office handles registrations for properties in Palaniyappa Nagar(11th Avenue).

What is the land classification for Palaniyappa Nagar(11th Avenue)?

The land classification for Palaniyappa Nagar(11th Avenue) is Residential Special Type - II.