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Guideline Value

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Guideline Value for G.S.T. Road West Side Road

₹11000/sq.ft.

The guideline value for G.s.t. Road West Side Road 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 ₹329 /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 West Side Road

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G.S.T. Road West Side Road guideline value

The current guideline value for G.S.T. Road West Side Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Commercial Class I Type - I.

How the guideline value of G.S.T. Road West Side Road has changed

The guideline value for G.S.T. Road West Side Road has undergone several revisions over the years. In 2003, the guideline value was Rs 329 per sq.ft, which increased significantly to Rs 1,200 per sq.ft in 2007, marking a change of +265%. By 2012, the value rose dramatically to Rs 10,000 per sq.ft, reflecting an increase of +733% from the previous revision. There are no figures available for the years 2002, 2017, and 2023 for this street.

The latest revision in 2024 set the guideline value at Rs 11,000 per sq.ft, which is a +10% increase from the 2012 figure. Overall, from 2003 to 2024, the guideline value has increased by +3243%.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that have a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 3,300 per sq.ft, placing G.S.T. Road West Side Road above this median.

Stamp duty and registration fee for property in G.S.T. Road West Side Road

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

Which Sub Registrar Office covers G.S.T. Road West Side Road?

The G.S.T. Road West Side Road is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the 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 critical factor when registering property transactions in Zaminpallavaram. It serves as a reference for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official registry.

When you buy or sell property, the guideline value impacts the calculation of stamp duty and registration fees. This ensures that both the buyer and seller adhere to the legal framework established by the registration department.

Frequently asked questions

What is the current guideline value of G.S.T. Road West Side Road?

The current guideline value of G.S.T. Road West Side Road is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 329 per sq.ft in 2003 to Rs 11,000 per sq.ft in 2024, marking an overall increase of +3243% over the years.

What are the other streets with similar guideline values in Zaminpallavaram?

Other streets in Zaminpallavaram include G.S.T. Road Section (Thiruneermalai inner part), G.S.T.Road 9 Part, and G.S.T. Road, all at Rs 11,000 per sq.ft in 2024.

Where is the Sub Registrar Office for G.S.T. Road West Side Road located?

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

How is the 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, a property valued at Rs 1,10,00,000 would incur a stamp duty of Rs 7,70,000 at 7%.