Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for PALKALAI NAGAR AVENUE 6TH CROSS STREET

₹4400/sq.ft.

The guideline value for Palkalai Nagar Avenue 6th Cross Street in Palavakkam village (Neelankarai SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavakkam

Village

Neelankarai

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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 Palkalai Nagar Avenue 6th Cross Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Palkalai Nagar Avenue 6th Cross Street guideline value

The current guideline value of Palkalai Nagar Avenue 6th Cross Street is Rs 4,400 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 I Type - II.

How the guideline value of Palkalai Nagar Avenue 6th Cross Street has changed

The guideline value for Palkalai Nagar Avenue 6th Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was a decrease of 33% from the Rs 2,680 per sq.ft recorded in the 2017 revision. The value then increased to Rs 4,000 per sq.ft in the 2023 revision, before rising to the current rate of Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase.

There are no recorded 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 10%.

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. The median value for these streets is Rs 3,300 per sq.ft, placing Palkalai Nagar Avenue 6th Cross Street above this median.

Stamp duty and registration fee for property in Palkalai Nagar Avenue 6th Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 more details.

Which Sub Registrar Office covers Palkalai Nagar Avenue 6th Cross Street?

The Sub Registrar Office that covers Palkalai Nagar Avenue 6th Cross Street is 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 an important factor in property transactions in Palavakkam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value serves as a benchmark for calculating various fees. It is essential for both parties to understand this value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value of Palkalai Nagar Avenue 6th Cross Street?

The current guideline value of Palkalai Nagar Avenue 6th Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 4,000 per sq.ft in 2012, decreasing to Rs 2,680 per sq.ft in 2017, and then increasing to Rs 4,000 per sq.ft in 2023, before reaching Rs 4,400 per sq.ft in 2024.

What is the stamp duty for a property in Palkalai Nagar Avenue 6th Cross Street?

The stamp duty for a property in Palkalai Nagar Avenue 6th Cross Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 3,08,000.

Which office handles registration for Palkalai Nagar Avenue 6th Cross Street?

The Neelankarai Sub Registrar Office handles registration for Palkalai Nagar Avenue 6th Cross Street. The office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Palavakkam?

The median guideline value in Palavakkam is Rs 3,300 per sq.ft. Palkalai Nagar Avenue 6th Cross Street's current guideline value of Rs 4,400 per sq.ft is above this median.