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Guideline Value

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Guideline Value for PALAVAKKAM KUPPAM MUTHU MARIAMMAN KOIL STREET

₹1000/sq.ft.

The guideline value for Palavakkam Kuppam Muthu Mariamman Koil 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 Street

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Palavakkam Kuppam Muthu Mariamman Koil Street guideline value

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

The guideline value for Palavakkam Kuppam Muthu Mariamman Koil 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 2017, marking 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 to 2024 revision maintained this value at Rs 1,000 per sq.ft, resulting in no percentage change.

It is important to note that the register has no 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 with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, where the median value is Rs 3,300 per sq.ft. The guideline value for Palavakkam Kuppam Muthu Mariamman Koil Street is below this median.

Stamp duty and registration fee for property in Palavakkam Kuppam Muthu Mariamman Koil 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, while the registration fee at 2% would be Rs 20,000, leading to a total of Rs 90,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

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

The Neelankarai Sub Registrar Office covers Palavakkam Kuppam Muthu Mariamman Koil Street. The office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Palavakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When you buy or sell property, the guideline value is compared against the sale price to determine the applicable duties. The higher value will be used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of Palavakkam Kuppam Muthu Mariamman Koil 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, then increased to Rs 1,000 per sq.ft in 2023 and 2024. The overall change from 2012 to 2024 is an increase of 33%.

What is the land classification for this street?

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

Where can I find the Neelankarai SRO?

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 a rate of 7%.