Guideline Value

Corporate

Guideline Value for PALANIAPPA NAGAR

₹1650/sq.ft.

The guideline value for Palaniappa Nagar in Vanagaram village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vanagaram

Village

Chennai South Joint I

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹105 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹60 /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 Palaniappa Nagar

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Palaniappa Nagar guideline value

The current guideline value of Palaniappa Nagar is Rs 1,650 per sq.ft, effective from 1 July 2024. This area is located in Vanagaram village, under the Chennai South Joint I SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Palaniappa Nagar has changed

Since the year 2002, the guideline value in Palaniappa Nagar has seen significant changes. In 2002, the value was Rs 60 per sq.ft, which increased to Rs 105 per sq.ft in 2003, marking a 75% rise. The value further escalated to Rs 500 per sq.ft in 2007, reflecting a 376% increase. By 2012, the value reached Rs 1,500 per sq.ft, indicating a 200% increase from the previous revision. However, it then decreased to Rs 1,005 per sq.ft in 2017, showing a decline of 33%. The value increased again to Rs 1,500 per sq.ft in 2023, and finally rose to Rs 1,650 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 2,650%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Vanagaram

In Vanagaram, there are 287 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 770 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 1,660 per sq.ft, placing Palaniappa Nagar's 2024 figure slightly below this median.

Stamp duty and registration fee for property in Palaniappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty, charged at 7%, would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost would be Rs 1,48,500. It is important to note that the 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 Palaniappa Nagar?

The Sub Registrar Office that covers Palaniappa 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 information.

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

The guideline value is a crucial factor in property transactions in Vanagaram, as it determines the minimum price at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that all transactions are compliant with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it can impact the overall cost of the transaction. Proper understanding of the guideline value can help in making informed decisions during property dealings in Vanagaram.

Frequently asked questions

What is the current guideline value of Palaniappa Nagar?

The current guideline value of Palaniappa Nagar is Rs 1,650 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 60 per sq.ft in 2002 to Rs 1,650 per sq.ft in 2024, showing an overall increase of 2,650% over the years.

What is the classification of land in Palaniappa Nagar?

Palaniappa Nagar is classified as Residential Class IV Type - I, which indicates its suitability for residential purposes.

What are the other streets in Vanagaram with their guideline values?

Other streets in Vanagaram include Painthamil Nagar at Rs 1,320 per sq.ft, and various cross streets in Palaniappa Nagar, all valued at Rs 1,650 per sq.ft in 2024.

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

The Sub Registrar Office for Palaniappa Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.