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Guideline Value

Corporate

Guideline Value for Palaniyappa Nagar(8th Avenue)

₹2200/sq.ft.

The guideline value for Palaniyappa Nagar(8th Avenue) 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(8th Avenue)

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Palaniyappa Nagar(8th Avenue) guideline value

The current guideline value of Palaniyappa Nagar(8th Avenue) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Palaniyappa Nagar(8th Avenue) has changed

The guideline value for Palaniyappa Nagar(8th Avenue) has undergone several revisions over the years. In 2007, the value was Rs 747 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012. However, it dropped to Rs 1,340 per sq.ft in 2017. The 2023 revision saw a rise to Rs 2,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 2,200 per sq.ft, marking a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 195%.

The revisions for the years 2002 and 2003 do not have any figures recorded for this street. The changes between the revisions are notable, with a 49% increase from 2017 to 2023 and a 168% increase from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017.

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 the same as the current guideline value for Palaniyappa Nagar(8th Avenue).

Stamp duty and registration fee for property in Palaniyappa Nagar(8th Avenue)

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, 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Palaniyappa Nagar(8th Avenue)?

The Sub Registrar Office that covers Palaniyappa Nagar(8th Avenue) 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 the registration of property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property. The guideline value ensures that the property is assessed fairly for taxation purposes.

When a property is sold, the guideline value helps in establishing the minimum value at which the property can be registered. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Palaniyappa Nagar(8th Avenue)?

The current guideline value of Palaniyappa Nagar(8th Avenue) 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 are the other streets in Oragadam with the same guideline value?

Other streets in Oragadam with a guideline value of Rs 2,200 per sq.ft include Palaniyappa Nagar(7th Avenue), Palaniyappa Nagar(9th Avenue), Palaniyappa Nagar(6th Avenue), Palaniyappa Nagar(5th Avenue), Palaniyappa Nagar(4th Avenue), and Palaniyappa Nagar(3rd Avenue).

What is the stamp duty rate for properties in Palaniyappa Nagar(8th Avenue)?

The stamp duty rate for properties in Palaniyappa Nagar(8th Avenue) is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Palaniyappa Nagar(8th Avenue)?

The Sub Registrar Office for Palaniyappa Nagar(8th Avenue) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.