Guideline Value

Corporate

Guideline Value for PALANIYAPPA NAGAR

₹840/sq.ft.

The guideline value for Palaniyappa Nagar in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 840 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 5% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹840 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹737 /sq.ft.
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Palaniyappa Nagar

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Palaniyappa Nagar guideline value

The current guideline value of Palaniyappa Nagar is Rs 840 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi SRO and is classified as Residential Class II Type - II.

How the guideline value of Palaniyappa Nagar has changed

The guideline value for Palaniyappa Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 737 per sq.ft, which increased to Rs 800 per sq.ft in 2023. The most recent revision in 2024 raised the value further to Rs 840 per sq.ft, marking a 5% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 14%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. Thus, the only relevant revisions are from 2017, 2023, and 2024.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,750 per sq.ft. The median guideline value for this area is Rs 750 per sq.ft, placing Palaniyappa Nagar's 2024 figure above that median.

Stamp duty and registration fee for property in Palaniyappa Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 840 per sq.ft, the total guideline value would be Rs 8,40,000. The stamp duty at 7% would amount to Rs 58,800, and the registration fee at 2% would be Rs 16,800, bringing the total fees to Rs 75,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Palaniyappa Nagar?

The Sub Registrar Office that covers Palaniyappa Nagar is the Avadi Sub Registrar Office. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor during the registration process when buying or selling property in Thiruninravur-A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to assess the applicable fees, ensuring that the transaction is recorded accurately in the official register. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Palaniyappa Nagar?

The current guideline value of Palaniyappa Nagar is Rs 840 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 737 per sq.ft in 2017 to Rs 800 per sq.ft in 2023, and then to Rs 840 per sq.ft in 2024. The overall increase from 2017 to 2024 is 14%.

What are the stamp duty and registration fees for property in Palaniyappa Nagar?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 58,800 and the registration fee would be Rs 16,800, totaling Rs 75,600.

Which office handles property registrations in Palaniyappa Nagar?

The Avadi Sub Registrar Office handles property registrations in Palaniyappa Nagar. It is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the values are recorded accurately in the official register, maintaining transparency in the buying and selling process.