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Guideline value, street

Guideline Value for Alliance Galleria Residency (S.no. 159/2, 160-170, 62, 64, 66-99, 178, 185-193, 194/1, 194/2)

₹4400/sq.ft.effective 1 July 2024

Chengalpattu zone Zaminpallavaram village Pallavaram SRO Commercial Class I Type - Iii

The guideline value for Alliance Galleria Residency (s.no. 159/2, 160-170, 62, 64, 66-99, 178, 185-193, 194/1, 194/2) in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 1700 per sq.ft from 1 April 2023, a 159% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹1700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1700 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Alliance Galleria Residency (s.no. 159/2, 160-170, 62, 64, 66-99, 178, 185-193, 194/1, 194/2)

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Alliance Galleria Residency (S.No. 159/2, 160-170, 62, 64, 66-99, 178, 185-193, 194/1, 194/2) guideline value

The current guideline value for Alliance Galleria Residency is Rs 4,400 per sq.ft, effective from 1 July 2024. This property is located in Zaminpallavaram village and falls under the Pallavaram SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Alliance Galleria Residency (S.No. 159/2, 160-170, 62, 64, 66-99, 178, 185-193, 194/1, 194/2) has changed

The guideline value for this property has undergone significant changes over the years. In the 2017 revision, the value was Rs 1,700 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision saw a substantial increase to Rs 4,400 per sq.ft, marking a 159% rise from the previous year.

Overall, from the 2017 revision to the 2024 revision, there has been a total increase of 159%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Alliance Galleria Residency is above this median.

Stamp duty and registration fee for property in Alliance Galleria Residency (S.No. 159/2, 160-170, 62, 64, 66-99, 178, 185-193, 194/1, 194/2)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. Duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Alliance Galleria Residency (S.No. 159/2, 160-170, 62, 64, 66-99, 178, 185-193, 194/1, 194/2)?

The Sub Registrar Office that covers Alliance Galleria Residency is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Zaminpallavaram. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. This value is set by the Registration Department and is regularly updated to reflect market conditions.

When selling property, the guideline value helps establish a baseline for the sale price. Buyers and sellers should be aware of the current guideline value to ensure compliance with registration requirements and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value for Alliance Galleria Residency?

The current guideline value for Alliance Galleria Residency is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,700 per sq.ft in 2017 to Rs 4,400 per sq.ft in 2024, marking a total increase of 159% over this period.

What is the land classification for this property?

The land classification for Alliance Galleria Residency is Commercial Class I Type - III.

Where can I find the registration office for this property?

The registration office for Alliance Galleria Residency is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated for properties in Zaminpallavaram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at a rate of 7%.