Guideline Value

Corporate

Guideline Value for prithivipakkam 4th Cross Street

₹4000/sq.ft.

The guideline value for Prithivipakkam 4th Cross 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 Prithivipakkam 4th Cross Street

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prithivipakkam 4th Cross Street guideline value

The current guideline value of Prithivipakkam 4th 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 it falls under the Residential Special Type - II land classification.

How the guideline value of prithivipakkam 4th Cross Street has changed

The guideline value for Prithivipakkam 4th Cross Street 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 the Rs 2,479 per sq.ft in the 2017 revision. The value remained unchanged in the 2012 revision, and there are no figures available for the years 2002, 2003, and 2007.

In the 2017 revision, the guideline value increased to Rs 2,479 per sq.ft, which was a significant rise of 49% from the previous figure. Moving to the 2023 revision, the value was adjusted to Rs 3,700 per sq.ft, and then it increased by 8% to reach the current guideline value of Rs 4,000 per sq.ft in the 2024 revision.

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. The guideline value for Prithivipakkam 4th Cross Street is above this median.

Stamp duty and registration fee for property in prithivipakkam 4th 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 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 to Rs 3,60,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers prithivipakkam 4th Cross Street?

The Prithivipakkam 4th Cross Street falls under 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 when registering property in Ambattur. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When you proceed with a property transaction, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial implications of the transaction, as these fees are based on the higher of the guideline value and the sale price.

Frequently asked questions

What is the current guideline value for prithivipakkam 4th Cross Street?

The current guideline value for Prithivipakkam 4th 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 significantly over the years, with the 2012 revision at Rs 3,700 per sq.ft, followed by Rs 2,479 per sq.ft in 2017. The value increased to Rs 3,700 per sq.ft in 2023 and currently stands at Rs 4,000 per sq.ft in 2024.

What are the stamp duty and registration fees for property transactions?

For a property valued at 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. These fees are based on the higher of the guideline value or the sale price.

Which office handles the registration for prithivipakkam 4th Cross Street?

The registration for Prithivipakkam 4th Cross Street is handled by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

What is the land classification for prithivipakkam 4th Cross Street?

Prithivipakkam 4th Cross Street is classified as Residential Special Type - II, which indicates the intended use of the land within this area.