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Guideline Value

Corporate

Guideline Value for Prithivipakkam Upper canal Road

₹4000/sq.ft.

The guideline value for Prithivipakkam Upper Canal Road 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 Upper Canal Road

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Prithivipakkam Upper canal Road guideline value

The current guideline value of Prithivipakkam Upper canal Road is Rs 4,000 per sq.ft, effective from 1 July 2024. This road 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 Upper canal Road has changed

The guideline value for Prithivipakkam Upper canal Road has undergone several revisions over the years. The 2012 revision set the value at Rs 3,700 per sq.ft, which was a decrease of 33% from Rs 2,479 per sq.ft in the 2017 revision. The guideline value remained at Rs 3,700 per sq.ft until the 2023 revision, which increased it to Rs 3,700 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 4,000 per sq.ft, marking an increase of 8% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. It is important to note that 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 the 2024 figure for Prithivipakkam Upper canal Road above this median.

Stamp duty and registration fee for property in Prithivipakkam Upper canal Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,000 per sq.ft, the total guideline value would be Rs 40,00,000. The stamp duty at 7% would amount to 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.

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

Which Sub Registrar Office covers Prithivipakkam Upper canal Road?

The Prithivipakkam Upper canal Road 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. You can find your SRO for more details.

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 stamp duty and registration fees that need to be paid when a property is bought or sold. This ensures that the transaction is recorded accurately in the official records.

When a buyer or seller approaches the registration office, the guideline value helps in calculating the necessary fees based on the property's assessed value. This process ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Prithivipakkam Upper canal Road?

The current guideline value of Prithivipakkam Upper canal Road 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 seen several revisions, starting from Rs 3,700 per sq.ft in 2012, decreasing to Rs 2,479 per sq.ft in 2017, and then increasing to Rs 3,700 per sq.ft in 2023, before reaching Rs 4,000 per sq.ft in 2024.

What is the land classification for Prithivipakkam Upper canal Road?

The land classification for Prithivipakkam Upper canal Road is Residential Special Type - II.

What are the stamp duty and registration fees for properties 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. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for this street?

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