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Guideline Value

Corporate

Guideline Value for Prithvipakkam East Park street

₹4000/sq.ft.

The guideline value for Prithvipakkam East Park Street 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 Prithvipakkam East Park Street

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Prithvipakkam East Park street guideline value

The current guideline value of Prithvipakkam East Park street is Rs 4,000 per sq.ft, effective from 1 July 2024. This street 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 Prithvipakkam East Park street has changed

Looking back at the revisions, the guideline value for Prithvipakkam East Park street was Rs 3,700 per sq.ft in 2023, which increased to Rs 4,000 per sq.ft in 2024, marking an 8% rise. In the previous revision from 2017, the value was Rs 2,479 per sq.ft, which saw a significant increase of 49% by 2023. The 2012 revision also recorded a value of Rs 3,700 per sq.ft, which was a decrease of 33% compared to the 2017 figure. The register has no figures for the years 2002, 2003, and 2007 for this street.

Overall, from 2012 to 2024, the guideline value has increased by 8%, reflecting the changes in the area over the years. The current rate of Rs 4,000 per sq.ft is above the median guideline value of Rs 3,600 per sq.ft for the 448 streets in Ambattur under the Ambattur SRO.

Guideline values in Ambattur

In Ambattur village, the guideline values range from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Prithvipakkam East Park street's 2024 figure of Rs 4,000 per sq.ft is above this median.

Stamp duty and registration fee for property in Prithvipakkam East Park 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 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 details.

Which Sub Registrar Office covers Prithvipakkam East Park street?

The Prithvipakkam East Park street 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 information.

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

The guideline value plays a crucial role in the registration process of property transactions in Ambattur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Prithvipakkam East Park street?

The current guideline value of Prithvipakkam East Park 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 2023 to Rs 4,000 per sq.ft in 2024. It was Rs 2,479 per sq.ft in 2017, and Rs 3,700 per sq.ft in 2012, showing various increases and decreases over the years.

What is the land classification for Prithvipakkam East Park street?

The land classification for Prithvipakkam East Park street is Residential Special Type - II, indicating its designated use within the area.

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 Prithvipakkam East Park street?

Stamp duty for properties in Prithvipakkam East Park street is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 40,00,000, the stamp duty would be Rs 2,80,000 at a rate of 7%.