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Guideline Value

Corporate

Guideline Value for Palaniyappa Nagar(1st Avenue)

₹2200/sq.ft.

The guideline value for Palaniyappa Nagar(1st 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(1st Avenue)

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Palaniyappa Nagar(1st Avenue) guideline value

The current guideline value of Palaniyappa Nagar(1st 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(1st Avenue) has changed

The guideline value for Palaniyappa Nagar(1st Avenue) has seen several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 747 per sq.ft. This figure increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 168%. However, it then decreased to Rs 1,340 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft from the 2024 revision, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 195%. It is important to note that there are no recorded figures for Palaniyappa Nagar(1st Avenue) in the years 2002 and 2003 according to the register.

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 for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value for Palaniyappa Nagar(1st Avenue).

Stamp duty and registration fee for property in Palaniyappa Nagar(1st 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.

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

Which Sub Registrar Office covers Palaniyappa Nagar(1st Avenue)?

The Sub Registrar Office that covers Palaniyappa Nagar(1st 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 minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Palaniyappa Nagar(1st Avenue)?

The current guideline value of Palaniyappa Nagar(1st 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 for Palaniyappa Nagar(1st Avenue) has increased from Rs 747 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 195%.

What are the stamp duty and registration fees for property in Palaniyappa Nagar(1st Avenue)?

For a property valued at Rs 22,00,000, the stamp duty is Rs 1,54,000 and the registration fee is Rs 44,000, totaling Rs 1,98,000.

Which office handles registrations for Palaniyappa Nagar(1st Avenue)?

The Ambattur Sub Registrar Office handles registrations for Palaniyappa Nagar(1st 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(1st Avenue)?

The land classification for Palaniyappa Nagar(1st Avenue) is Residential Special Type - II.