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Guideline Value

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Guideline Value for Karinmedu Gandhi Nagar (Grey Nagar Pallam)

₹2700/sq.ft.

The guideline value for Karinmedu Gandhi Nagar (grey Nagar Pallam) in Vepery village (Periamet SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vepery

Village

Periamet

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /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 N/A
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)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Karinmedu Gandhi Nagar (grey Nagar Pallam)

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Karinmedu Gandhi Nagar (Grey Nagar Pallam) guideline value

The current guideline value of Karinmedu Gandhi Nagar (Grey Nagar Pallam) is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Vepery village and falls under the Periamet SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Karinmedu Gandhi Nagar (Grey Nagar Pallam) has changed

The guideline value register has no figure for Karinmedu Gandhi Nagar (Grey Nagar Pallam) for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 2,700 per sq.ft.

Since there are no figures for the previous revisions, it can be noted that the guideline value for this street has remained unchanged in the records. The 2024 revision has established the current value, which is below the median guideline value of Rs 4,800 per sq.ft for Vepery.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft. Karinmedu Gandhi Nagar (Grey Nagar Pallam) is positioned below the median value. The following are the guideline values for other streets in Vepery:

Stamp duty and registration fee for property in Karinmedu Gandhi Nagar (Grey Nagar Pallam)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Karinmedu Gandhi Nagar (Grey Nagar Pallam)?

The Sub Registrar Office that covers Karinmedu Gandhi Nagar (Grey Nagar Pallam) is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vepery. It determines the amount of stamp duty and registration fees that need to be paid during the transaction process.

When a property is sold, the guideline value serves as a benchmark for calculating the applicable fees. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Karinmedu Gandhi Nagar (Grey Nagar Pallam)?

The current guideline value of Karinmedu Gandhi Nagar (Grey Nagar Pallam) is Rs 2,700 per sq.ft, effective from 1 July 2024.

What are the previous guideline value revisions for this street?

The guideline value register has no figures for Karinmedu Gandhi Nagar (Grey Nagar Pallam) for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

How does the guideline value compare to other streets in Vepery?

The guideline value of Rs 2,700 per sq.ft for Karinmedu Gandhi Nagar (Grey Nagar Pallam) is below the median value of Rs 4,800 per sq.ft for the 290 streets in Vepery under the Periamet SRO.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Tamil Nadu is typically charged at 7%. This is calculated based on the higher of the guideline value or the sale price of the property.

Where is the Sub Registrar Office for Karinmedu Gandhi Nagar (Grey Nagar Pallam)?

The Sub Registrar Office covering Karinmedu Gandhi Nagar (Grey Nagar Pallam) is located at 1103, Poonamallee High Road, Chennai-600 003, under the Periamet SRO.