Guideline Value for Prithivipakkam 3rd Cross Street

Prithivipakkam 3rd Cross Street guideline value

The current guideline value of Prithivipakkam 3rd Cross Street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village under the Ambattur SRO, and the land classification is Residential Special Type - II.

How the guideline value of Prithivipakkam 3rd Cross Street has changed

The guideline value for Prithivipakkam 3rd Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,700 per sq.ft, which was then reduced to Rs 2,479 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,700 per sq.ft in 2023, and finally to Rs 4,000 per sq.ft in the 2024 revision, marking an 8% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has seen a total increase of 8%. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register 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 3rd Cross Street's 2024 figure above this median.

• Prithivipakkam 3rd Avenue: Rs 4,000 per sq.ft (2024)
• Prithivipakkam 3rd Main Road: Rs 4,000 per sq.ft (2024)
• Prithivipakkam 2nd Street: Rs 4,000 per sq.ft (2024)
• Prithivipakkam 3rd Street: Rs 4,000 per sq.ft (2024)
• Prithivipakkam 2nd Main Road: Rs 4,000 per sq.ft (2024)
• Prithivipakkam 4th Avenue: Rs 4,000 per sq.ft (2024)

Stamp duty and registration fee for property in Prithivipakkam 3rd 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 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Prithivipakkam 3rd Cross Street?

The Prithivipakkam 3rd Cross Street falls under the jurisdiction of 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 Ambattur

When buying or selling property in Ambattur, the guideline value is an essential factor during the registration process. It serves as a benchmark for determining the registration fees and stamp duties applicable to the property transaction.

The guideline value helps ensure that the property is registered at a fair value, which is crucial for both buyers and sellers. It is important 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 3rd Cross Street?

The current guideline value of Prithivipakkam 3rd Cross Street 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 increased 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 Prithivipakkam 3rd Cross Street?

The land classification for Prithivipakkam 3rd Cross Street is Residential Special Type - II.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 40,00,000, the stamp duty would be Rs 2,80,000 and the registration fee would be Rs 80,000, totaling Rs 3,60,000.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Prithivipakkam 3rd Cross Street, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.