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Guideline Value

Corporate

Guideline Value for Palaniyappa Nagar(13th Avenue)

₹2200/sq.ft.

The guideline value for Palaniyappa Nagar(13th 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(13th Avenue)

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Palaniyappa Nagar(13th Avenue) guideline value

The current guideline value of Palaniyappa Nagar(13th 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(13th Avenue) has changed

The guideline value for Palaniyappa Nagar(13th Avenue) has seen several revisions over the years. In 2007, the guideline value was Rs 747 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it then decreased to Rs 1,340 per sq.ft in 2017. From 2017 to 2023, the value rose sharply to Rs 2,000 per sq.ft, and it has now reached Rs 2,200 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 195%. The revisions for the years 2002 and 2003 do not have figures recorded for this street.

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. The median guideline value is Rs 2,200 per sq.ft, which is equal to the 2024 figure for Palaniyappa Nagar(13th Avenue).

Stamp duty and registration fee for property in Palaniyappa Nagar(13th 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 amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Palaniyappa Nagar(13th Avenue)?

The Sub Registrar Office that covers Palaniyappa Nagar(13th 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 when registering property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is bought or sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. Buyers and sellers should be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Palaniyappa Nagar(13th Avenue)?

The current guideline value of Palaniyappa Nagar(13th 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 a significant overall increase of 195% over the years.

What are the other streets in Oragadam with the same guideline value?

Other streets in Oragadam with the same guideline value of Rs 2,200 per sq.ft in 2024 include Palaniyappa Nagar(12th Avenue), Palaniyappa Nagar(14th Avenue), Palaniyappa Nagar(11th Avenue), Palaniyappa Nagar(1st Avenue), Palaniyappa Nagar(10th Avenue), and Palaniyappa Nagar(2nd Avenue).

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

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Which office handles property registrations for Palaniyappa Nagar(13th Avenue)?

The Ambattur Sub Registrar Office handles property registrations for Palaniyappa Nagar(13th Avenue), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.