Guideline Value for PALLAVA NAGAR

Pallava Nagar guideline value

The current guideline value of Pallava Nagar, located in Mamandoor village under the Chengleput Joint II SRO, is Rs 400 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class I Type - I.

How the guideline value of Pallava Nagar has changed

The guideline value for Pallava Nagar has seen several revisions over the years. The 2024 revision maintains the rate at Rs 400 per sq.ft, the same as the 2023 revision. In contrast, the 2017 revision recorded a lower rate of Rs 268 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. The 2012 revision also set the value at Rs 400 per sq.ft, which means there has been no change overall from 2012 to 2024.

It is important to note that the register has no figures for Pallava Nagar for the years 2002, 2003, and 2007. Therefore, the changes in guideline value are only reflected from the revisions in 2012, 2017, 2023, and 2024.

Guideline values in Mamandoor

In Mamandoor, there are 41 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 300 to Rs 1,200 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing Pallava Nagar's 2024 figure below that median.

• N.T.R Garden: Rs 800 per sq.ft (2024)
• Raja Garden: Rs 400 per sq.ft (2024)
• Mtc Nagar: Rs 800 per sq.ft (2024)
• M.M.Nagar: Rs 800 per sq.ft (2024)
• Raji Nagar: Rs 300 per sq.ft (2024)
• Maruthamalai M.T.C Nagar: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Pallava Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, resulting in a total cost of Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallava Nagar?

The Sub Registrar Office that covers Pallava Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Mamandoor, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory during the property transaction process.

When a property is sold, the guideline value serves as a reference point to ensure that the transaction is recorded accurately and fairly. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Pallava Nagar?

The current guideline value of Pallava Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has remained at Rs 400 per sq.ft in 2012, 2023, and 2024, while it was Rs 268 per sq.ft in 2017. The increase from 2017 to 2023 was 49%.

What is the land classification of Pallava Nagar?

Pallava Nagar is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated in Pallava Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 4,00,000, the stamp duty at 7% would be Rs 28,000.