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Guideline Value

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Guideline Value for Pallikuda Street (School Street)

₹1100/sq.ft.

The guideline value for Pallikuda Street (school Street) in Ayappakkam village (Ambattur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ayappakkam

Village

Ambattur

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹110 /sq.ft.
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 Pallikuda Street (school Street)

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Pallikuda Street (School Street) guideline value

The current guideline value of Pallikuda Street (School Street) is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Class I Type - II.

How the guideline value of Pallikuda Street (School Street) has changed

The guideline value for Pallikuda Street has undergone several revisions over the years. Starting from Rs 110 per sq.ft in 2003, it increased to Rs 200 per sq.ft in 2007, marking a significant rise of 82%. In 2012, the value was revised to Rs 1,000 per sq.ft, which was a substantial increase of 400%. However, this was followed by a decrease to Rs 670 per sq.ft in 2017, reflecting a drop of 33%. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent 2024 revision has further increased it to Rs 1,100 per sq.ft, representing a 10% rise.

It is important to note that the register has no figure for Pallikuda Street in the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 900%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 550 to Rs 4,000 per sq.ft. The median guideline value in the village is Rs 1,300 per sq.ft, placing Pallikuda Street's 2024 figure below that median.

Stamp duty and registration fee for property in Pallikuda Street (School Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, while the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pallikuda Street (School Street)?

The Sub Registrar Office that covers Pallikuda Street 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 Ayappakkam

The guideline value plays a crucial role in the registration of property transactions in Ayappakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Pallikuda Street?

The current guideline value of Pallikuda Street (School Street) is Rs 1,100 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 110 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, with various revisions in between, including a peak of Rs 1,000 per sq.ft in 2012 and a drop to Rs 670 per sq.ft in 2017.

What is the stamp duty rate for property in Pallikuda Street?

The stamp duty rate for property transactions in Pallikuda Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for Pallikuda Street?

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

What are the other streets with similar guideline values in Ayappakkam?

Other streets in Ayappakkam with similar guideline values include Park Street and Partha Sarathi Nagar, both at Rs 1,100 per sq.ft, while Padasalai street and Om sakthi street are higher at Rs 1,700 per sq.ft.