Guideline Value

Corporate

Guideline Value for PALIMAR Nagar

₹2160/sq.ft.

The guideline value for Palimar Nagar in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 2160 per sq.ft, effective 1 July 2024. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Zaminpallavaram

Village

Pallavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2160 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Palimar Nagar

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PALIMAR Nagar guideline value

The current guideline value of PALIMAR Nagar, located in Zaminpallavaram village under the Pallavaram SRO, is Rs 2,160 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class III Type - I land classification.

How the guideline value of PALIMAR Nagar has changed

The guideline value for PALIMAR Nagar has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a 150% increase. However, in the 2017 revision, the value dropped to Rs 1,340 per sq.ft, representing a 33% decrease. The most recent revision in 2024 has raised the guideline value to Rs 2,160 per sq.ft, which is a 61% increase from 2017.

Overall, from 2007 to 2024, the guideline value has increased by 170%. It is important to note that the register has no figures for the years 2023, 2003, and 2002 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the 2024 guideline value for PALIMAR Nagar below this median.

Stamp duty and registration fee for property in PALIMAR Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,160 per sq.ft, the total guideline value would be Rs 21,60,000. The stamp duty at 7% would amount to Rs 1,51,200, and the registration fee at 2% would be Rs 43,200, bringing the total to Rs 1,94,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PALIMAR Nagar?

The Sub Registrar Office that covers PALIMAR Nagar is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an essential factor in property transactions within Zaminpallavaram. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value can affect the stamp duty and registration fees applicable. It is crucial for both parties to be aware of these values to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of PALIMAR Nagar?

The current guideline value of PALIMAR Nagar is Rs 2,160 per sq.ft as per the 2024 revision effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,160 per sq.ft in 2024, reflecting an overall increase of 170% over the years.

What are the stamp duty rates for properties in PALIMAR Nagar?

The stamp duty for properties in PALIMAR Nagar is charged at 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 21,60,000, the stamp duty would be Rs 1,51,200.

What is the registration fee for properties in PALIMAR Nagar?

The registration fee for properties in PALIMAR Nagar is charged at 2% of the guideline value or sale price, whichever is higher. For a property valued at Rs 21,60,000, the registration fee would be Rs 43,200.

Where can I find the Sub Registrar Office for PALIMAR Nagar?

The Sub Registrar Office for PALIMAR Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044. You can find more details by visiting the relevant link.