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Guideline Value

Corporate

Guideline Value for G.S.T.ROAD(PART DURGA ROAD JUNCTION)

₹11000/sq.ft.

The guideline value for G.s.t.road(part Durga Road Junction) in Issa Pallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 11000 per sq.ft, effective 1 July 2024. It was Rs 10000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Issa Pallavaram

Village

Pallavaram

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹11000 /sq.ft.
From 1-4-2023 ₹10000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6700 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10000 /sq.ft.
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 G.s.t.road(part Durga Road Junction)

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G.S.T.Road(Part Durga Road Junction) guideline value

The current guideline value of G.S.T.Road(Part Durga Road Junction) is Rs 11,000 per sq.ft, effective from 1 July 2024. This property is located in Issa Pallavaram village and falls under the Pallavaram SRO, classified as Commercial Class I Type - I.

How the guideline value of G.S.T.Road(Part Durga Road Junction) has changed

Over the years, the guideline value for G.S.T.Road(Part Durga Road Junction) has seen several revisions. In 2012, the guideline value was Rs 10,000 per sq.ft, which then decreased to Rs 6,700 per sq.ft in 2017. Following this, the value increased significantly to Rs 10,000 per sq.ft in 2023, and then to Rs 11,000 per sq.ft in 2024. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%, reflecting the current guideline value of Rs 11,000 per sq.ft.

Guideline values in Issa Pallavaram

Issa Pallavaram has 110 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft, with the median being Rs 3,300 per sq.ft. G.S.T.Road(Part Durga Road Junction) is above this median value.

Stamp duty and registration fee for property in G.S.T.Road(Part Durga Road Junction)

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 is charged at 7%, which totals Rs 7,70,000, and the registration fee at 2% amounts to Rs 2,20,000. Therefore, the total cost for stamp duty and registration fee together is Rs 9,90,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers G.S.T.Road(Part Durga Road Junction)?

The G.S.T.Road(Part Durga Road Junction) falls under the jurisdiction of 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 Issa Pallavaram

The guideline value is a crucial factor in property transactions in Issa Pallavaram. It determines the minimum value at which a property can be registered and is used for calculating stamp duty and registration fees. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with legal requirements.

When a property is bought or sold, the guideline value helps establish a fair transaction value for the property. It is important for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of G.S.T.Road(Part Durga Road Junction)?

The current guideline value of G.S.T.Road(Part Durga Road Junction) is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 10,000 per sq.ft to Rs 6,700 per sq.ft in 2017, then increased to Rs 10,000 per sq.ft in 2023, and finally to Rs 11,000 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, and 2007.

What is the land classification for G.S.T.Road(Part Durga Road Junction)?

The land classification for G.S.T.Road(Part Durga Road Junction) is Commercial Class I Type - I. This classification indicates the commercial potential and usage of the property.

What is the registration office for properties in Issa Pallavaram?

The registration office for properties in Issa Pallavaram 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 G.S.T.Road(Part Durga Road Junction)?

Stamp duty for properties in G.S.T.Road(Part Durga Road Junction) is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,10,00,000, the stamp duty would amount to Rs 7,70,000.