Guideline Value

Corporate

Guideline Value for BIGSTREET

₹250/sq.ft.

The guideline value for Bigstreet in Kodivalasa village (Pallipattu SRO, Chennai zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodivalasa

Village

Pallipattu

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹250 /sq.ft.
From 1-4-2023 ₹250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹167 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹100 /sq.ft.
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)

Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207
044-27843480
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Bigstreet

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Bigstreet guideline value

The current guideline value of Bigstreet in Kodivalasa village is Rs 250 per sq.ft, effective from 1 July 2024. This area falls under the Pallipattu SRO and is classified as Residential Class I Type - I.

How the guideline value of Bigstreet has changed

Looking at the revisions over the years, the guideline value for Bigstreet has seen several changes. In 2007, the value was Rs 100 per sq.ft, which increased to Rs 250 per sq.ft in 2012. This marked a significant rise of 150%. However, from 2012 to 2017, the value decreased to Rs 167 per sq.ft, reflecting a decline of 33%. The value then rose again to Rs 250 per sq.ft in 2023, maintaining that figure into the 2024 revision.

From 2017 to 2023, there was an increase of 50%, and from 2023 to 2024, the guideline value remained unchanged at Rs 250 per sq.ft. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Kodivalasa

In Kodivalasa, there are 17 streets under the Pallipattu SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 250 per sq.ft, with a median value of Rs 200 per sq.ft. Bigstreet's 2024 figure of Rs 250 per sq.ft is above this median.

Stamp duty and registration fee for property in Bigstreet

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total cost for these fees to Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator to estimate costs for your property transactions.

Which Sub Registrar Office covers Bigstreet?

The Sub Registrar Office that covers Bigstreet is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during property registration in Kodivalasa. It is used to determine the stamp duty and registration fees that must be paid when buying or selling property. The guideline value is set by the government and is regularly revised to reflect current market conditions.

When a property transaction occurs, the buyer must pay the applicable stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Bigstreet?

The current guideline value of Bigstreet is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 250 per sq.ft in 2012. It then decreased to Rs 167 per sq.ft in 2017, increased to Rs 250 per sq.ft in 2023, and remains at that value in 2024.

What is the median guideline value for streets in Kodivalasa?

The median guideline value for streets in Kodivalasa is Rs 200 per sq.ft, with Bigstreet's 2024 figure of Rs 250 per sq.ft being above this median.

What are the stamp duty rates for property transactions?

The stamp duty rate for property transactions in Bigstreet is 7%, while the registration fee is 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Bigstreet?

The Sub Registrar Office for Bigstreet is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207. You can find more information by visiting the provided link.