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Guideline Value

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Guideline Value for Bazaar Road,Police Station Road, Indra Gandhi Road

₹4400/sq.ft.

The guideline value for Bazaar Road,police Station Road, Indra Gandhi Road in Cantonment Pallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Cantonment Pallavaram

Village

Pallavaram

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹814 /sq.ft.
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 Bazaar Road,police Station Road, Indra Gandhi Road

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Bazaar Road,Police Station Road, Indra Gandhi Road guideline value

The current guideline value for Bazaar Road, Police Station Road, Indra Gandhi Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This area is located in Cantonment Pallavaram village, under the Pallavaram SRO, and is classified as Mixed Type - II land.

How the guideline value of Bazaar Road,Police Station Road, Indra Gandhi Road has changed

The guideline value for Bazaar Road, Police Station Road, Indra Gandhi Road has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 814 per sq.ft. It increased to Rs 1,200 per sq.ft in 2007, marking a significant rise of 47%. The 2012 revision maintained the value at Rs 4,000 per sq.ft, which was a decrease of 33% from the previous revision. In 2017, the value rose again to Rs 2,680 per sq.ft, showing a 49% increase. The 2023 revision set the value at Rs 4,000 per sq.ft, and the current 2024 revision reflects a further increase to Rs 4,400 per sq.ft, a rise of 10%.

It is important to note that there is no guideline value figure for this street in the 2002 register. Overall, from the 2003 revision to the 2024 revision, the guideline value has increased by 441%.

Guideline values in Cantonment Pallavaram

In Cantonment Pallavaram, there are 81 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median value among these streets is Rs 2,700 per sq.ft, placing the 2024 guideline value of Bazaar Road, Police Station Road, Indra Gandhi Road above that median.

Stamp duty and registration fee for property in Bazaar Road,Police Station Road, Indra Gandhi Road

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bazaar Road,Police Station Road, Indra Gandhi Road?

The Sub Registrar Office that covers Bazaar Road, Police Station Road, Indra Gandhi Road 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 details.

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

The guideline value is a crucial factor in the registration process of property transactions in Cantonment Pallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the fair value of the property. It is essential for buyers to be aware of this value to avoid overpaying and for sellers to set realistic expectations regarding the sale price.

Frequently asked questions

What is the current guideline value for Bazaar Road, Police Station Road, Indra Gandhi Road?

The current guideline value for Bazaar Road, Police Station Road, Indra Gandhi Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 814 per sq.ft in 2003 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 441%. The most recent revision saw a 10% increase from Rs 4,000 per sq.ft in 2023.

What is the median guideline value in Cantonment Pallavaram?

The median guideline value for streets in Cantonment Pallavaram is Rs 2,700 per sq.ft, which is below the current value of Rs 4,400 per sq.ft for Bazaar Road, Police Station Road, Indra Gandhi Road.

What are the stamp duty and registration fees for properties in this area?

The stamp duty for a property valued at Rs 44,00,000 would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where can I find the Sub Registrar Office for this property?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.