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Guideline Value

Corporate

Guideline Value for Palaniyappa Nagar(4thAvenue)

₹2200/sq.ft.

The guideline value for Palaniyappa Nagar(4thavenue) 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(4thavenue)

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Palaniyappa Nagar(4thAvenue) guideline value

The current guideline value of Palaniyappa Nagar(4thAvenue) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Palaniyappa Nagar(4thAvenue) has changed

The guideline value for Palaniyappa Nagar(4thAvenue) 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, there was a decrease to Rs 1,340 per sq.ft in 2017. The value then rose to Rs 2,000 per sq.ft in 2023, and finally, the current value is Rs 2,200 per sq.ft as of the 2024 revision.

Between these revisions, notable changes include a 168% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. 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, 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 the same as the current figure for Palaniyappa Nagar(4thAvenue).

Stamp duty and registration fee for property in Palaniyappa Nagar(4thAvenue)

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 to Rs 1,98,000. Please note that 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 details.

Which Sub Registrar Office covers Palaniyappa Nagar(4thAvenue)?

The Sub Registrar Office that covers Palaniyappa Nagar(4thAvenue) is the Ambattur Sub Registrar Office. The address is 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 in the registration of property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the transaction's legitimacy. It provides a reference point for buyers and sellers to agree upon a fair price, while also protecting the interests of the state in terms of revenue collection.

Frequently asked questions

What is the current guideline value of Palaniyappa Nagar(4thAvenue)?

The current guideline value of Palaniyappa Nagar(4thAvenue) 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 several revisions in between, including a decrease and subsequent increases.

What is the stamp duty for property in Palaniyappa Nagar(4thAvenue)?

The stamp duty for property in Palaniyappa Nagar(4thAvenue) is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Palaniyappa Nagar(4thAvenue)?

The Ambattur Sub Registrar Office covers Palaniyappa Nagar(4thAvenue), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the median guideline value in Oragadam?

The median guideline value in Oragadam is Rs 2,200 per sq.ft, which is also the current guideline value for Palaniyappa Nagar(4thAvenue).