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Guideline Value

Corporate

Guideline Value for Prithivipakkam 2nd Avenue

₹4000/sq.ft.

The guideline value for Prithivipakkam 2nd Avenue 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 2nd Avenue

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Prithivipakkam 2nd Avenue guideline value

The current guideline value of Prithivipakkam 2nd Avenue is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, and it is classified as Residential Special Type - II.

How the guideline value of Prithivipakkam 2nd Avenue has changed

The guideline value for Prithivipakkam 2nd Avenue has seen several revisions over the years. In 2012, the guideline value was Rs 3,700 per sq.ft. This figure was then revised in 2017 to Rs 2,479 per sq.ft, marking a decrease of 33%. Following this, the value increased significantly to Rs 3,700 per sq.ft in 2023, and then to Rs 4,000 per sq.ft in 2024, reflecting an increase of 8% from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 8%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, 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 is Rs 3,600 per sq.ft, and Prithivipakkam 2nd Avenue's 2024 figure is above this median.

Stamp duty and registration fee for property in Prithivipakkam 2nd Avenue

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 fees together to Rs 3,60,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Prithivipakkam 2nd Avenue?

The Sub Registrar Office that covers Prithivipakkam 2nd Avenue is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when buying or selling property in Ambattur, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded accurately, reflecting the legal obligations of both the buyer and the seller. It is essential for all parties involved to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Prithivipakkam 2nd Avenue?

The current guideline value of Prithivipakkam 2nd Avenue 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 of Prithivipakkam 2nd Avenue?

Prithivipakkam 2nd Avenue is classified as Residential Special Type - II.

Where can I find more information about the registration process?

For more information about the registration process, you can visit the Ambattur Sub Registrar Office at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Prithivipakkam 2nd Avenue?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 40,00,000 would incur a stamp duty of Rs 2,80,000.