Guideline Value

Corporate

Guideline Value for Prithivipakkam 4th Avenue

₹4000/sq.ft.

The guideline value for Prithivipakkam 4th 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 4th Avenue

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Prithivipakkam 4th Avenue guideline value

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

How the guideline value of Prithivipakkam 4th Avenue has changed

In the 2012 revision, the guideline value was Rs 3,700 per sq.ft. This figure remained unchanged in the 2012 and 2017 revisions, with the 2017 revision showing a decrease to Rs 2,479 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 3,700 per sq.ft. The most recent revision in 2024 saw another increase of 8%, resulting in the current guideline value of Rs 4,000 per sq.ft.

It is important to note that there are no recorded figures for Prithivipakkam 4th Avenue in the revisions for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 8%.

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, with a median value of Rs 3,600 per sq.ft. The guideline value of Prithivipakkam 4th Avenue is above this median.

Stamp duty and registration fee for property in Prithivipakkam 4th 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, totaling Rs 3,60,000. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Prithivipakkam 4th Avenue?

The Prithivipakkam 4th Avenue 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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duties are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing or selling property, it is essential to be aware of the current guideline value to ensure compliance with registration requirements and to avoid potential penalties. Understanding the guideline value helps in making informed decisions during property transactions in Ambattur.

Frequently asked questions

What is the current guideline value of Prithivipakkam 4th Avenue?

The current guideline value of Prithivipakkam 4th 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 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 of Prithivipakkam 4th Avenue?

Prithivipakkam 4th Avenue is classified as Residential Special Type - II.

Where is the Ambattur Sub Registrar Office located?

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 the stamp duty calculated for properties in Prithivipakkam 4th Avenue?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 2,80,000.