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Guideline Value

Corporate

Guideline Value for Palaniyappa Nagar(6 thAvenue)

₹2200/sq.ft.

The guideline value for Palaniyappa Nagar(6 Thavenue) 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(6 Thavenue)

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Palaniyappa Nagar(6 thAvenue) guideline value

The current guideline value for Palaniyappa Nagar(6 thAvenue) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Palaniyappa Nagar(6 thAvenue) has changed

The guideline value for Palaniyappa Nagar(6 thAvenue) has seen several revisions over the years. In 2007, the guideline value was Rs 747 per sq.ft, which increased to Rs 2,000 per sq.ft in 2012. However, it decreased to Rs 1,340 per sq.ft in 2017. Following this, the value rose significantly to Rs 2,000 per sq.ft in 2023 and is now set at Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 195%. Notably, there are no figures available for the years 2002 and 2003 for this street in 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(6 thAvenue).

Stamp duty and registration fee for property in Palaniyappa Nagar(6 thAvenue)

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.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Palaniyappa Nagar(6 thAvenue)?

The Sub Registrar Office that covers Palaniyappa Nagar(6 thAvenue) 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 buying or selling property in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure that they comply with the legal requirements during the registration process.

Additionally, the guideline value helps in assessing the value of the property for various purposes, including loans and taxation. It is essential for both parties in a transaction to understand how the guideline value impacts their financial obligations.

Frequently asked questions

What is the current guideline value for Palaniyappa Nagar(6 thAvenue)?

The current guideline value for Palaniyappa Nagar(6 thAvenue) 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 land classification for Palaniyappa Nagar(6 thAvenue)?

The land classification for Palaniyappa Nagar(6 thAvenue) is Residential Special Type - II.

Where can I find the Sub Registrar Office for Palaniyappa Nagar(6 thAvenue)?

The Sub Registrar Office for Palaniyappa Nagar(6 thAvenue) is the Ambattur Sub Registrar Office, 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 in Palaniyappa Nagar(6 thAvenue)?

The stamp duty for property in Palaniyappa Nagar(6 thAvenue) is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would amount to Rs 1,54,000 based on the current guideline value.