Guideline Value

Corporate

Guideline Value for JAIPAL NAGAR

₹1320/sq.ft.

The guideline value for Jaipal Nagar in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹118 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹100 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jaipal Nagar

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Jaipal Nagar guideline value

The current guideline value of Jaipal Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO, classified as Residential Class IV Type - II.

How the guideline value of Jaipal Nagar has changed

The guideline value for Jaipal Nagar has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 100 per sq.ft. This increased to Rs 118 per sq.ft in 2003, marking an 18% rise. The value then surged significantly to Rs 400 per sq.ft in 2007, which represented a 239% increase. Following this, the 2012 revision saw a notable jump to Rs 1,200 per sq.ft, reflecting a 200% increase from the previous figure. However, the 2017 revision brought a decrease to Rs 804 per sq.ft, which was a 33% drop. The value rose again to Rs 1,200 per sq.ft in 2023, and finally, the current value is Rs 1,320 per sq.ft as of the 2024 revision, indicating a 10% increase from the previous year.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by 1220%. There are no figures available for revisions in years other than those listed.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with the 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Jaipal Nagar's current value below that median.

Stamp duty and registration fee for property in Jaipal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400. Together, the total cost for these fees would be Rs 1,18,800. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Jaipal Nagar?

The Sub Registrar Office that covers Jaipal Nagar is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pallikaranai. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When a property is sold, the sale price is compared to the guideline value. The higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and complies with legal requirements.

Frequently asked questions

What is the current guideline value of Jaipal Nagar?

The current guideline value of Jaipal Nagar is Rs 1,320 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 100 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 1220% over the years.

What are the stamp duty and registration fees for a property in Jaipal Nagar?

For a property valued at Rs 13,20,000, the stamp duty would be Rs 92,400 and the registration fee would be Rs 26,400, totaling Rs 1,18,800.

Which office handles registrations for Jaipal Nagar?

The Chennai South Joint I Sub Registrar Office handles registrations for Jaipal Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification of Jaipal Nagar?

Jaipal Nagar is classified as Residential Class IV Type - II, indicating its designation for residential use within the area.