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Guideline Value

Corporate

Guideline Value for Palaniyappa Nagar(5thAvenue)

₹2200/sq.ft.

The guideline value for Palaniyappa Nagar(5thavenue) 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(5thavenue)

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Palaniyappa Nagar(5thAvenue) guideline value

The current guideline value of Palaniyappa Nagar(5thAvenue) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Oragadam village under the Ambattur SRO, classified as Residential Special Type - II.

How the guideline value of Palaniyappa Nagar(5thAvenue) has changed

Over the years, the guideline value for Palaniyappa Nagar(5thAvenue) has seen significant changes. The 2007 revision recorded a guideline value of Rs 747 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, this value decreased by 33% to Rs 1,340 per sq.ft in 2017. The value then rose sharply to Rs 2,000 per sq.ft in 2023, and the latest revision for 2024 has set it at Rs 2,200 per sq.ft, marking a 10% increase from the previous year.

From the 2012 revision to the 2017 revision, there was a notable decline of 33%. In contrast, the period from 2007 to 2012 saw a dramatic increase of 168%. Overall, from 2007 to the current 2024 revision, 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, with a median value of Rs 2,200 per sq.ft. Palaniyappa Nagar(5thAvenue) is aligned with this median value.

Stamp duty and registration fee for property in Palaniyappa Nagar(5thAvenue)

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, and the registration fee at 2% would be Rs 44,000, making the total cost 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(5thAvenue)?

The Sub Registrar Office that covers Palaniyappa Nagar(5thAvenue) 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 plays a crucial role in the registration process of property transactions in Oragadam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is transparent and fair.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory expenses incurred during the registration process. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Palaniyappa Nagar(5thAvenue)?

The current guideline value of Palaniyappa Nagar(5thAvenue) 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, marking an overall increase of 195% from 2007 to 2024.

What is the land classification of Palaniyappa Nagar(5thAvenue)?

Palaniyappa Nagar(5thAvenue) is classified as Residential Special Type - II, indicating its suitability for residential development.

Where is the Ambattur Sub Registrar Office located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 22,00,000, the stamp duty at 7% would be Rs 1,54,000.