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Guideline Value

Corporate

Guideline Value for Palaniyappa Nagar(3rdAvenue)

₹2200/sq.ft.

The guideline value for Palaniyappa Nagar(3rdavenue) 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(3rdavenue)

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Palaniyappa Nagar(3rdAvenue) guideline value

The current guideline value of Palaniyappa Nagar(3rdAvenue) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Palaniyappa Nagar(3rdAvenue) has changed

The guideline value of Palaniyappa Nagar(3rdAvenue) has seen several revisions over the years. The 2007 revision set the value at Rs 747 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, there was a decrease to Rs 1,340 per sq.ft in the 2017 revision. This figure then rose to Rs 2,000 per sq.ft in 2023, and the latest revision in 2024 has established the current guideline value at Rs 2,200 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 for this street.

Between the revisions, the changes are as follows: from 2007 to 2012, there was an increase of 168%; however, from 2012 to 2017, it decreased by 33%. The value then increased by 49% from 2017 to 2023, and finally, there was a 10% rise from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 195%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO, with 2024 guideline values 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 the same as the current value for Palaniyappa Nagar(3rdAvenue).

Stamp duty and registration fee for property in Palaniyappa Nagar(3rdAvenue)

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 1,98,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Palaniyappa Nagar(3rdAvenue)?

The Sub Registrar Office that covers Palaniyappa Nagar(3rdAvenue) 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 further assistance.

How the guideline value is used when you buy or sell in Oragadam

The guideline value plays a crucial role in the registration process when buying or selling property in Oragadam. It is used to determine the stamp duty and registration fees that must be paid during the transaction, ensuring that all parties are aware of the official value of the property being exchanged.

When you register a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue based on the property's value as determined by the guideline value register.

Frequently asked questions

What is the current guideline value of Palaniyappa Nagar(3rdAvenue)?

The current guideline value of Palaniyappa Nagar(3rdAvenue) 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, reflecting an overall increase of 195% over the years.

What is the stamp duty rate in Palaniyappa Nagar(3rdAvenue)?

The stamp duty rate in Palaniyappa Nagar(3rdAvenue) is 7%, which is calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Palaniyappa Nagar(3rdAvenue) is the Ambattur Sub Registrar Office, 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(3rdAvenue)?

Palaniyappa Nagar(3rdAvenue) is classified as Residential Special Type - II, which indicates its designation for residential purposes.