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Guideline Value

Corporate

Guideline Value for Palaniyappa Nagar(14th Avenue)

₹2200/sq.ft.

The guideline value for Palaniyappa Nagar(14th 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(14th Avenue)

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Palaniyappa Nagar(14th Avenue) guideline value

The current guideline value of Palaniyappa Nagar(14th Avenue) is Rs 2,200 per sq.ft, effective from 1 July 2024. This property is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Palaniyappa Nagar(14th Avenue) has changed

The guideline value for Palaniyappa Nagar(14th Avenue) has seen 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. However, this was followed by a decrease to Rs 1,340 per sq.ft in 2017. The value then rose sharply to Rs 2,000 per sq.ft in 2023, and most recently, it has been revised to Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 195%. The register has no 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 2024 guideline value for Palaniyappa Nagar(14th Avenue).

Stamp duty and registration fee for property in Palaniyappa Nagar(14th 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, while the registration fee at 2% would be Rs 44,000. Together, the total cost would be 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 details.

Which Sub Registrar Office covers Palaniyappa Nagar(14th Avenue)?

The Sub Registrar Office that covers Palaniyappa Nagar(14th 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 critical factor in the registration process when buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty, ensuring that the appropriate fees are collected based on the property's value as recognized by the authorities.

Frequently asked questions

What is the current guideline value of Palaniyappa Nagar(14th Avenue)?

The current guideline value of Palaniyappa Nagar(14th 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, with various revisions occurring in between. Notably, there was a significant increase of 195% from 2007 to 2024.

What are the stamp duty and registration fees for 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.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Palaniyappa Nagar(14th Avenue), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for Palaniyappa Nagar(14th Avenue)?

Palaniyappa Nagar(14th Avenue) is classified as Residential Special Type - II, indicating its suitability for residential development.