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Guideline Value

Corporate

Guideline Value for G.S.T. Road Section (Thiruneermalai inner part)

₹11000/sq.ft.

The guideline value for G.s.t. Road Section (thiruneermalai Inner Part) in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 11000 per sq.ft, effective 1 July 2024. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Zaminpallavaram

Village

Pallavaram

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹11000 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹10000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹958 /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 G.s.t. Road Section (thiruneermalai Inner Part)

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G.S.T. Road Section (Thiruneermalai inner part) guideline value

The current guideline value for G.S.T. Road Section (Thiruneermalai inner part) is Rs 11,000 per sq.ft. This area is located in Zaminpallavaram village and falls under the Pallavaram SRO. The land classification for this section is Commercial Class I Type - I.

How the guideline value of G.S.T. Road Section (Thiruneermalai inner part) has changed

The guideline value for G.S.T. Road Section has seen significant changes over the years. In 2003, the guideline value was Rs 958 per sq.ft. This increased to Rs 1,200 per sq.ft in 2007, marking a rise of 25%. The value then surged dramatically to Rs 10,000 per sq.ft in 2012, representing an increase of 733%. The most recent revision in 2024 set the guideline value at Rs 11,000 per sq.ft, reflecting a 10% increase from the 2012 figure. Overall, from 2003 to 2024, the guideline value has increased by 1,048%.

It is important to note that there are no figures for this street in the revisions for 2023, 2017, and 2002. The substantial increases in guideline value indicate the changing landscape of property valuation in this area.

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. The median guideline value in this village is Rs 3,300 per sq.ft, placing G.S.T. Road Section's 2024 figure above that median.

Stamp duty and registration fee for property in G.S.T. Road Section (Thiruneermalai inner part)

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total to Rs 9,90,000. Duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers G.S.T. Road Section (Thiruneermalai inner part)?

The G.S.T. Road Section (Thiruneermalai inner part) is covered by 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 when buying or selling property in Zaminpallavaram. It serves as a benchmark for determining the registration fees and stamp duties applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value for G.S.T. Road Section (Thiruneermalai inner part)?

The current guideline value for G.S.T. Road Section (Thiruneermalai inner part) is Rs 11,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2003?

Since 2003, the guideline value has increased by 1,048%, from Rs 958 per sq.ft to Rs 11,000 per sq.ft in 2024.

What are the other streets in Zaminpallavaram with the same guideline value?

Other streets in Zaminpallavaram with the same guideline value of Rs 11,000 per sq.ft include G.S.T.Road 9 Part, G.S.T. Road West Side Road, and G.S.T. Road.

Where is the Pallavaram Sub Registrar Office located?

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

How is the stamp duty calculated in Zaminpallavaram?

The stamp duty in Zaminpallavaram is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.