Guideline Value for PALANI NAGAR

Palani Nagar guideline value

The current guideline value of Palani Nagar is Rs 190 per sq.ft, effective from 1 July 2024. This area is located in Eagattur village and falls under the Manavalanagar SRO, classified as Residential Class I Type - II.

How the guideline value of Palani Nagar has changed

According to the register, there are no figures for the years 2002, 2003, 2007, 2012, and 2017 for Palani Nagar. The guideline value was Rs 190 per sq.ft in the 2023 revision, which remains unchanged in the 2024 revision.

The 2024 revision reflects a guideline value of Rs 190 per sq.ft, which is equal to the figure from the previous year, showing a change of +0% from 2023 to 2024.

Guideline values in Eagattur

Eagattur village features 31 streets under the Manavalanagar SRO, with guideline values ranging from Rs 100 to Rs 330 per sq.ft. The median value is Rs 190 per sq.ft, placing Palani Nagar's 2024 figure at this median level.

• Palayam Nagar: Rs 154 per sq.ft (2024)
• Om Sakthi Nagar: Rs 154 per sq.ft (2024)
• Nirmal Nagar: Rs 190 per sq.ft (2024)
• New Kamaraj Nagar: Rs 200 per sq.ft (2024)
• Meenakshi Nagar: Rs 200 per sq.ft (2024)
• Sree Kamatchi Nagar: Rs 170 per sq.ft (2024)

Stamp duty and registration fee for property in Palani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 190 per sq.ft, the total guideline value amounts to Rs 1,90,000. The stamp duty at 7% would be Rs 13,300, and the registration fee at 2% would be Rs 3,800, bringing the total cost for these fees to Rs 17,100. 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 more detailed calculations.

Which Sub Registrar Office covers Palani Nagar?

The Sub Registrar Office that covers Palani Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions within Eagattur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it directly impacts the registration fees and stamp duties applicable during the transaction.

When registering a property, the guideline value ensures that transactions are conducted transparently and fairly, reflecting the official valuation set by the authorities. This helps to maintain consistency in property dealings across the region.

Frequently asked questions

What is the current guideline value of Palani Nagar?

The current guideline value of Palani Nagar is Rs 190 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for Palani Nagar. The guideline value was Rs 190 per sq.ft in both the 2023 and 2024 revisions, showing no change between these years.

What other streets have guideline values in Eagattur?

In Eagattur, there are several other streets with varying guideline values. Some of these include Palayam Nagar and Om Sakthi Nagar at Rs 154 per sq.ft, Nirmal Nagar at Rs 190 per sq.ft, New Kamaraj Nagar and Meenakshi Nagar at Rs 200 per sq.ft, and Sree Kamatchi Nagar at Rs 170 per sq.ft.

How is stamp duty calculated in Palani Nagar?

Stamp duty in Palani Nagar is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 13,300 at 7% of the guideline value.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Palani Nagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find more information by visiting the relevant online resources.