Guideline Value for Pattravakkam Road

Pattravakkam Road guideline value

The current guideline value of Pattravakkam Road is Rs 4,000 per sq.ft, effective from 1 July 2024. This road is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Pattravakkam Road has changed

The guideline value for Pattravakkam Road has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 3,700 per sq.ft. This was followed by a decrease to Rs 2,479 per sq.ft in 2017. Subsequently, the value increased to Rs 3,700 per sq.ft in 2023, and finally rose to Rs 4,000 per sq.ft in 2024, marking an 8% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased significantly by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. There are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO with a 2024 guideline value range from Rs 1,400 to Rs 8,209 per sq.ft. The median value is Rs 3,600 per sq.ft, placing Pattravakkam Road's 2024 figure above this median.

• Pattammal Street: Rs 4,600 per sq.ft (2024)
• Parthasarathy Street: Rs 4,000 per sq.ft (2024)
• Pannerselvam Street: Rs 4,000 per sq.ft (2024)
• Pannerselvam Cross Street: Rs 4,000 per sq.ft (2024)
• Pandi Street: Rs 4,600 per sq.ft (2024)
• Periyar Street (Ramapuram): Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Pattravakkam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value amounts to Rs 40,00,000. The stamp duty at 7% would be Rs 2,80,000, and the registration fee at 2% would be Rs 80,000, making the total fees Rs 3,60,000. Please note that the 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 Pattravakkam Road?

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

To find your specific SRO, visit find your SRO.

How the guideline value is used when you buy or sell in Ambattur

The guideline value is a crucial factor during the registration of property transactions in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Pattravakkam Road?

The current guideline value of Pattravakkam Road is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,700 per sq.ft in 2012 to Rs 2,479 per sq.ft in 2017, then to Rs 3,700 per sq.ft in 2023, and finally to Rs 4,000 per sq.ft in 2024.

What is the land classification for Pattravakkam Road?

Pattravakkam Road is classified as Residential Special Type - II under the current land classification.

Where can I find the Sub Registrar Office for Pattravakkam Road?

The Sub Registrar Office for Pattravakkam Road 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 in Pattravakkam Road?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot of 1,000 sq.ft at the current guideline value would incur a stamp duty of Rs 2,80,000.