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Guideline Value

Corporate

Guideline Value for Palaniyappa Nagar(2ndAvenue)

₹2200/sq.ft.

The guideline value for Palaniyappa Nagar(2ndavenue) 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(2ndavenue)

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Palaniyappa Nagar(2ndAvenue) guideline value

The current guideline value for Palaniyappa Nagar(2ndAvenue) 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(2ndAvenue) has changed

Over the years, the guideline value for Palaniyappa Nagar(2ndAvenue) has seen significant changes. The 2007 revision recorded a value of Rs 747 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012, marking a substantial rise of 168%. However, in 2017, the value decreased to Rs 1,340 per sq.ft, reflecting a drop of 33%. The value then climbed to Rs 2,000 per sq.ft in 2023, followed by a further increase to Rs 2,200 per sq.ft in 2024, resulting in a 10% rise.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 195%. The register does not provide 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 guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value for Palaniyappa Nagar(2ndAvenue).

Stamp duty and registration fee for property in Palaniyappa Nagar(2ndAvenue)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, totaling 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 also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Palaniyappa Nagar(2ndAvenue)?

The Sub Registrar Office covering Palaniyappa Nagar(2ndAvenue) 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 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 the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value set by the authorities.

When buying or selling property, the guideline value helps in determining the minimum price at which the property can be registered. This ensures transparency in property transactions and helps maintain a standard valuation across the region.

Frequently asked questions

What is the current guideline value for Palaniyappa Nagar(2ndAvenue)?

The current guideline value for Palaniyappa Nagar(2ndAvenue) 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 significantly from Rs 747 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 195% over the years.

What is the stamp duty rate for property in Palaniyappa Nagar(2ndAvenue)?

The stamp duty rate for property in Palaniyappa Nagar(2ndAvenue) is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Palaniyappa Nagar(2ndAvenue)?

The Sub Registrar Office for Palaniyappa Nagar(2ndAvenue) is 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(2ndAvenue)?

Palaniyappa Nagar(2ndAvenue) is classified as Residential Special Type - II, which is relevant for determining its guideline value and usage.