Guideline Value

Corporate

Guideline Value for PACHAIAMMA NAGAR

₹248/sq.ft.

The guideline value for Pachaiamma Nagar in Thirunilai village (Thiruvottiyur SRO, Chennai zone) is Rs 248 per sq.ft, effective 1 July 2024. It was Rs 226 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirunilai

Village

Thiruvottiyur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹248 /sq.ft.
From 1-4-2023 ₹226 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹151 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹225 /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)

21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019
044-25992232
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Pachaiamma Nagar

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Pachaiamma Nagar guideline value

The current guideline value of Pachaiamma Nagar, located in Thirunilai village under the Thiruvottiyur SRO, is Rs 248 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - I.

How the guideline value of Pachaiamma Nagar has changed

The guideline value for Pachaiamma Nagar has seen several revisions over the years. In 2012, the value was Rs 225 per sq.ft, which decreased to Rs 151 per sq.ft in 2017, marking a decline of 33%. The value then increased significantly to Rs 226 per sq.ft in 2023, and the current revision for 2024 has set it at Rs 248 per sq.ft, reflecting a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a substantial increase of 50%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirunilai

In Thirunilai village, there are 10 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, all set at Rs 248 per sq.ft, with this street's figure matching the median. The following are the other streets in Thirunilai:

Stamp duty and registration fee for property in Pachaiamma Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 248 per sq.ft, the total guideline value amounts to Rs 2,48,000. The stamp duty at 7% would be Rs 17,360, and the registration fee at 2% would be Rs 4,960, bringing the total fees to Rs 22,320. It is important to note that the 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 further calculations.

Which Sub Registrar Office covers Pachaiamma Nagar?

The Sub Registrar Office that covers Pachaiamma Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration of property transactions in Thirunilai. It serves as a reference point for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps in calculating the applicable fees and taxes. Buyers should be aware that the stamp duty is charged on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Pachaiamma Nagar?

The current guideline value of Pachaiamma Nagar is Rs 248 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 225 per sq.ft in 2012 to Rs 151 per sq.ft in 2017, then increased to Rs 226 per sq.ft in 2023, and is now Rs 248 per sq.ft in 2024.

What are the other streets in Thirunilai with the same guideline value?

Other streets in Thirunilai with the same guideline value of Rs 248 per sq.ft include Pachaiamma Nagar Ext., New Star City, MRK Pannai Thottam, Sri Lakshmi Ganapathy Nagar, Sri Sankara Balasubramaniya Highway City, and Thirumalai Nagar.

How is stamp duty calculated for properties in Pachaiamma Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, on a plot of 1,000 sq.ft at the current guideline value, the stamp duty would be Rs 17,360.

Where can I find the Sub Registrar Office for Pachaiamma Nagar?

The Sub Registrar Office for Pachaiamma Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.