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Guideline Value

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Guideline Value for GOVT GROUP HOUSE HGHWAY SALAI 1,2,3

₹1940/sq.ft.

The guideline value for Govt Group House Hghway Salai 1,2,3 in Thirusulam village (Pallavaram SRO, Chengalpattu zone) is Rs 1940 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thirusulam

Village

Pallavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹1940 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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 Govt Group House Hghway Salai 1,2,3

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Govt Group House Hghway Salai 1,2,3 guideline value

The current guideline value for Govt Group House Hghway Salai 1,2,3 is Rs 1,940 per sq.ft, effective from 1 July 2024. This property is located in Thirusulam village, under the Pallavaram SRO, and is classified as Residential Class II Type - I.

How the guideline value of Govt Group House Hghway Salai 1,2,3 has changed

Over the years, the guideline value for Govt Group House Hghway Salai 1,2,3 has seen several revisions. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in 2017, marking a decrease of 33%. However, the value rose significantly to Rs 1,800 per sq.ft in 2023, and further increased to Rs 1,940 per sq.ft in 2024, reflecting an 8% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 8%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,080 to Rs 2,750 per sq.ft. The median value is Rs 1,940 per sq.ft, which is the same as the current value for this street.

Stamp duty and registration fee for property in Govt Group House Hghway Salai 1,2,3

For a 1,000 sq.ft plot at the current guideline value of Rs 1,940 per sq.ft, the total guideline value amounts to Rs 19,40,000. The stamp duty at 7% would be Rs 1,35,800, while the registration fee at 2% would be Rs 38,800, bringing the total to Rs 1,74,600. It is important to note that the 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 Govt Group House Hghway Salai 1,2,3?

The Govt Group House Hghway Salai 1,2,3 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 Thirusulam

The guideline value is a crucial factor during the registration of property transactions in Thirusulam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the minimum value recognized by the government.

When buying or selling property, the guideline value helps in establishing a fair transaction price and is essential for legal documentation. It is advisable to check the current guideline value before proceeding with any property transaction to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for Govt Group House Hghway Salai 1,2,3?

The current guideline value for Govt Group House Hghway Salai 1,2,3 is Rs 1,940 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 1,800 per sq.ft in 2023 to Rs 1,940 per sq.ft in 2024, an increase of 8%. From 2017 to 2023, it rose by 49% from Rs 1,206 per sq.ft.

What is the land classification for this area?

The land classification for Govt Group House Hghway Salai 1,2,3 is Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for this property?

The stamp duty for a 1,000 sq.ft plot at the current guideline value is Rs 1,35,800, while the registration fee is Rs 38,800, totaling Rs 1,74,600. Duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration for this property?

The registration for Govt Group House Hghway Salai 1,2,3 is handled by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.