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Guideline Value

Corporate

Guideline Value for PALAVAKKAM KUPPAM MUTHU MARIAMMAN KOIL 2ND CROSS STREET

₹1000/sq.ft.

The guideline value for Palavakkam Kuppam Muthu Mariamman Koil 2nd Cross Street in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 1000 per sq.ft, effective 1 July 2024. The land classification is Residential Class V Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Class V Type - II
History
Period Guideline Value
From 1-7-2024 ₹1000 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹502 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹750 /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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[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 Palavakkam Kuppam Muthu Mariamman Koil 2nd Cross Street

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Palavakkam Kuppam Muthu Mariamman Koil 2nd Cross Street guideline value

The current guideline value for Palavakkam Kuppam Muthu Mariamman Koil 2nd Cross Street is Rs 1,000 per sq.ft, effective from 1 July 2024. This street is located in Palavakkam village under the Neelankarai SRO, classified as Residential Class V Type - II.

How the guideline value of Palavakkam Kuppam Muthu Mariamman Koil 2nd Cross Street has changed

The guideline value for Palavakkam Kuppam Muthu Mariamman Koil 2nd Cross Street has undergone several revisions over the years. The 2012 revision set the value at Rs 750 per sq.ft, which then increased to Rs 502 per sq.ft in the 2017 revision. This was a decrease of 33%. However, from 2017 to 2023, the value saw a significant increase of 99%, bringing it to Rs 1,000 per sq.ft. The 2023 revision maintained this value, with no change to the current rate in the 2024 revision.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 33%.

Guideline values in Palavakkam

In Palavakkam, there are 349 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Palavakkam Kuppam Muthu Mariamman Koil 2nd Cross Street is below this median.

Stamp duty and registration fee for property in Palavakkam Kuppam Muthu Mariamman Koil 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,000 per sq.ft, the total guideline value would be Rs 10,00,000. The stamp duty at 7% would amount to Rs 70,000, and the registration fee at 2% would be Rs 20,000, totaling Rs 90,000. Please 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 Palavakkam Kuppam Muthu Mariamman Koil 2nd Cross Street?

The Palavakkam Kuppam Muthu Mariamman Koil 2nd Cross Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Palavakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, which are mandatory costs associated with the transaction. It ensures that the government receives the appropriate revenue from property sales.

Additionally, the guideline value helps maintain transparency in property transactions, providing a standardized value that reflects the area's real estate market. Buyers and sellers can refer to this value to understand their obligations during the registration process.

Frequently asked questions

What is the current guideline value of Palavakkam Kuppam Muthu Mariamman Koil 2nd Cross Street?

The current guideline value for Palavakkam Kuppam Muthu Mariamman Koil 2nd Cross Street is Rs 1,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 750 per sq.ft in 2012 to Rs 1,000 per sq.ft in 2024, showing an overall increase of 33%. The value was Rs 502 per sq.ft in 2017 and remained at Rs 1,000 per sq.ft in both the 2023 and 2024 revisions.

What is the land classification for this street?

Palavakkam Kuppam Muthu Mariamman Koil 2nd Cross Street is classified as Residential Class V Type - II.

Which office handles registrations for this street?

The Neelankarai Sub Registrar Office handles registrations for Palavakkam Kuppam Muthu Mariamman Koil 2nd Cross Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2%. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fee would amount to Rs 90,000.