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Guideline Value

Corporate

Guideline Value for Prithivipakkam 1st Cross Street

₹4000/sq.ft.

The guideline value for Prithivipakkam 1st Cross Street in Ambattur village (Ambattur SRO, Chennai zone) is Rs 4000 per sq.ft, effective 1 July 2024. It was Rs 3700 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Ambattur

Village

Ambattur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹4000 /sq.ft.
From 1-4-2023 ₹3700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2479 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3700 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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 Prithivipakkam 1st Cross Street

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Prithivipakkam 1st Cross Street guideline value

The current guideline value of Prithivipakkam 1st Cross Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Prithivipakkam 1st Cross Street has changed

In the 2012 revision, the guideline value was Rs 3,700 per sq.ft. This figure remained the same in the 2012 revision until it decreased to Rs 2,479 per sq.ft in the 2017 revision, marking a decline of 33%. Following this, the value saw a significant increase to Rs 3,700 per sq.ft in the 2023 revision, and then rose to Rs 4,000 per sq.ft in the 2024 revision, reflecting an 8% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value for these streets is Rs 3,600 per sq.ft, placing Prithivipakkam 1st Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in Prithivipakkam 1st Cross Street

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, bringing the total cost for these fees to Rs 3,60,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Prithivipakkam 1st Cross Street?

The Prithivipakkam 1st Cross Street is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find more information about your 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 property registration in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling a property, the guideline value is compared to the sale price; the higher of the two is used to calculate the applicable fees. This ensures transparency in property transactions and helps in maintaining a fair valuation of properties in the region.

Frequently asked questions

What is the current guideline value of Prithivipakkam 1st Cross Street?

The current guideline value of Prithivipakkam 1st Cross Street is Rs 4,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 3,700 to Rs 2,479 in 2017, then increased to Rs 3,700 in 2023, and finally to Rs 4,000 in 2024.

What is the land classification for Prithivipakkam 1st Cross Street?

The land classification for Prithivipakkam 1st Cross Street is Residential Special Type - II.

Where can I find the Ambattur Sub Registrar Office?

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 stamp duty calculated for properties in Ambattur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty in Tamil Nadu is 7%, along with a registration fee of 2%.