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Guideline Value

Corporate

Guideline Value for PALAVAKKAM KUPPAM MUTHU MARIAMMAN KOIL 5TH CROSS STREET

₹1000/sq.ft.

The guideline value for Palavakkam Kuppam Muthu Mariamman Koil 5th 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 5th Cross Street

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Palavakkam Kuppam Muthu Mariamman Koil 5th Cross Street guideline value

The current guideline value of Palavakkam Kuppam Muthu Mariamman Koil 5th 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 5th Cross Street has changed

Looking at the revisions, the guideline value for this street was Rs 750 per sq.ft in 2012. It then decreased to Rs 502 per sq.ft in 2017. Following this, the value saw a significant increase to Rs 1,000 per sq.ft in 2023, which remained unchanged in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 99%. 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 guideline value for 2024, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 3,300 per sq.ft, meaning that the guideline value of Palavakkam Kuppam Muthu Mariamman Koil 5th Cross Street is below this median.

Stamp duty and registration fee for property in Palavakkam Kuppam Muthu Mariamman Koil 5th 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Palavakkam Kuppam Muthu Mariamman Koil 5th Cross Street?

The Palavakkam Kuppam Muthu Mariamman Koil 5th Cross Street is covered by 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 the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is taken into account for calculating the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of Palavakkam Kuppam Muthu Mariamman Koil 5th Cross Street?

The current guideline value of Palavakkam Kuppam Muthu Mariamman Koil 5th 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 502 per sq.ft in 2017, before increasing to Rs 1,000 per sq.ft in 2023 and remaining the same in 2024.

What is the land classification of this street?

Palavakkam Kuppam Muthu Mariamman Koil 5th 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 Palavakkam?

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