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Guideline Value

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Guideline Value for PALAVAKKAM KUPPAM MUTHU MARIAMMAN KOIL 1ST CROSS STREET

₹1000/sq.ft.

The guideline value for Palavakkam Kuppam Muthu Mariamman Koil 1st 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 1st Cross Street

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Palavakkam Kuppam Muthu Mariamman Koil 1st Cross Street guideline value

The current guideline value for Palavakkam Kuppam Muthu Mariamman Koil 1st 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, and is classified as Residential Class V Type - II.

How the guideline value of Palavakkam Kuppam Muthu Mariamman Koil 1st Cross Street has changed

The guideline value for this street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 750 per sq.ft. This increased to Rs 502 per sq.ft in 2017, reflecting a decrease of 33%. However, from 2017 to 2023, the value saw a significant rise of 99%, reaching Rs 1,000 per sq.ft, which remained unchanged in the 2024 revision.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, 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 1st Cross Street is below this median.

Stamp duty and registration fee for property in Palavakkam Kuppam Muthu Mariamman Koil 1st 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, bringing the total fees to Rs 90,000. 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 Palavakkam Kuppam Muthu Mariamman Koil 1st Cross Street?

The Palavakkam Kuppam Muthu Mariamman Koil 1st 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 figure used during the registration of property transactions in Palavakkam. It serves as a basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to determine the stamp duty and registration fees, which are necessary for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value for Palavakkam Kuppam Muthu Mariamman Koil 1st Cross Street?

The current guideline value for Palavakkam Kuppam Muthu Mariamman Koil 1st 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 changed from Rs 750 per sq.ft in 2012 to Rs 1,000 per sq.ft in 2024, with significant increases in 2017 and 2023.

What is the land classification for this street?

Palavakkam Kuppam Muthu Mariamman Koil 1st Cross Street is classified as Residential Class V Type - II.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for property in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 10,00,000, the stamp duty would be Rs 70,000 at 7%.