Guideline Value for Prithivipakkam 3rd Street

Prithivipakkam 3rd Street guideline value

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

How the guideline value of Prithivipakkam 3rd Street has changed

The guideline value for Prithivipakkam 3rd Street has undergone several revisions over the years. In 2012, the guideline value was Rs 3,700 per sq.ft, which then decreased to Rs 2,479 per sq.ft in 2017. Following that, the value saw a significant increase to Rs 3,700 per sq.ft in 2023, and currently stands at Rs 4,000 per sq.ft from the 2024 revision. Notably, the register has no figure for this street in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but the value increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects an increase of 8%. Overall, from 2012 to 2024, the guideline value has increased by 8%.

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, with a median value of Rs 3,600 per sq.ft. Prithivipakkam 3rd Street's 2024 guideline value is above this median.

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

Stamp duty and registration fee for property in Prithivipakkam 3rd 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, leading to a total of 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Prithivipakkam 3rd Street?

The Prithivipakkam 3rd 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 details.

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

The guideline value plays a crucial role during the registration process of property transactions in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the registration fees and stamp duties are calculated based on this value.

When buying or selling property, the guideline value is used to assess the applicable duties, which are charged on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Prithivipakkam 3rd Street?

The current guideline value of Prithivipakkam 3rd 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 Street?

Prithivipakkam 3rd Street is classified as Residential Special Type - II.

What are the stamp duty and registration fees for a property here?

For a 1,000 sq.ft plot, the total guideline value is Rs 40,00,000, leading to a stamp duty of Rs 2,80,000 and a registration fee of Rs 80,000, totaling Rs 3,60,000.

Which office handles registrations for Prithivipakkam 3rd Street?

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