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Guideline Value

Corporate

Guideline Value for Palaniyappa Nagar(12th Avenue)

₹2200/sq.ft.

The guideline value for Palaniyappa Nagar(12th 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(12th Avenue)

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Palaniyappa Nagar(12th Avenue) guideline value

The current guideline value of Palaniyappa Nagar(12th Avenue) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Oragadam village and falls under the Ambattur SRO. The land classification for this street is Residential Special Type - II.

How the guideline value of Palaniyappa Nagar(12th Avenue) has changed

The guideline value for Palaniyappa Nagar(12th Avenue) has undergone several revisions over the years. In 2007, the value was Rs 747 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 168%. However, this value dropped to Rs 1,340 per sq.ft in 2017, resulting in a decrease of 33%. The subsequent revision in 2023 set the value at Rs 2,000 per sq.ft, which then increased to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 195%. The register does not have figures for the years 2002 and 2003 for this street.

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 the same as the guideline value for Palaniyappa Nagar(12th Avenue).

Stamp duty and registration fee for property in Palaniyappa Nagar(12th Avenue)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to 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 fees together to Rs 1,98,000. 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 accurate calculations.

Which Sub Registrar Office covers Palaniyappa Nagar(12th Avenue)?

The Ambattur Sub Registrar Office covers Palaniyappa Nagar(12th Avenue). The office is 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 during property registration in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable to property transactions. Buyers and sellers must consider this value to ensure compliance with legal requirements.

When a property is sold, the guideline value is used to calculate the applicable duties, which can significantly impact the overall cost of the transaction. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Palaniyappa Nagar(12th Avenue)?

The current guideline value of Palaniyappa Nagar(12th 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, showing an overall increase of 195% over the years.

What is the registration office for Palaniyappa Nagar(12th Avenue)?

The registration office for Palaniyappa Nagar(12th Avenue) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What are the stamp duty and registration fees for a property in this area?

For a property valued at 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, totaling Rs 1,98,000.

Where can I find more information about guideline values in Oragadam?

More information about guideline values in Oragadam can be found in the registration department's guideline value register (TNReginet) or by visiting the Ambattur Sub Registrar Office.