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Guideline Value

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Guideline Value for KesavaPillai Park(T.S.C.Board)

₹2700/sq.ft.

The guideline value for Kesavapillai Park(t.s.c.board) in Vepery village (Periamet SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. 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 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /sq.ft.
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 Kesavapillai Park(t.s.c.board)

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KesavaPillai Park(T.S.C.Board) guideline value

The current guideline value of KesavaPillai Park(T.S.C.Board) is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Vepery village under the Periamet SRO, classified as Residential Class IV Type - I.

How the guideline value of KesavaPillai Park(T.S.C.Board) has changed

The guideline value for KesavaPillai Park(T.S.C.Board) has undergone several revisions over the years. The 2007 revision set the value at Rs 600 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, this value decreased to Rs 1,675 per sq.ft in 2017 before rising to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 2,700 per sq.ft, marking an increase of 8% from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The period from 2012 to 2017 saw a decrease of 33%, while the increase from 2007 to 2012 was substantial at 317%. Overall, comparing the 2007 and 2024 revisions, the guideline value has increased by 350%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Vepery

In Vepery, there are 290 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 22,000 per sq.ft, with a median value of Rs 4,800 per sq.ft. The guideline value for KesavaPillai Park(T.S.C.Board) is below this median.

Stamp duty and registration fee for property in KesavaPillai Park(T.S.C.Board)

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, totaling Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers KesavaPillai Park(T.S.C.Board)?

The KesavaPillai Park(T.S.C.Board) area falls under the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. To find your SRO, you can visit find your SRO.

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

The guideline value is an important factor during the registration of property transactions in Vepery. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

When a property is registered, the higher of the guideline value and the sale price is considered for calculating the applicable duties. This ensures that the state receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of KesavaPillai Park(T.S.C.Board)?

The current guideline value of KesavaPillai Park(T.S.C.Board) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 350% over the years.

What is the land classification for KesavaPillai Park(T.S.C.Board)?

KesavaPillai Park(T.S.C.Board) is classified as Residential Class IV Type - I.

Where can I find the Sub Registrar Office for KesavaPillai Park(T.S.C.Board)?

The Sub Registrar Office covering KesavaPillai Park(T.S.C.Board) is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Vepery?

Stamp duty for properties in Vepery is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.