Guideline Value

Corporate

Guideline Value for PALLAVAN NAGAR 1ST CROSS STREET

₹2750/sq.ft.

The guideline value for Pallavan Nagar 1st Cross Street in Koladi village (Chennai South Joint Ii SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koladi

Village

Chennai South Joint II

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /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)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Pallavan Nagar 1st Cross Street

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Pallavan Nagar 1st Cross Street guideline value

The current guideline value of Pallavan Nagar 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Koladi village, under the Chennai South Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Pallavan Nagar 1st Cross Street has changed

The guideline value of Pallavan Nagar 1st Cross Street has undergone several revisions over the years. The earliest recorded revision is from 2012, which set the value at Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017. However, the value rose again to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,750 per sq.ft from the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%, but then increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Koladi

In Koladi, there are 175 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 660 to Rs 4,000 per sq.ft, with a median value of Rs 1,100 per sq.ft. The guideline value for Pallavan Nagar 1st Cross Street is above this median.

Stamp duty and registration fee for property in Pallavan Nagar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Pallavan Nagar 1st Cross Street?

The Sub Registrar Office that covers Pallavan Nagar 1st Cross Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Koladi. It serves as a benchmark for determining the minimum value at which properties can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

Understanding the guideline value is essential for both buyers and sellers, as it affects the overall cost of the transaction. It ensures that the property is valued appropriately in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Pallavan Nagar 1st Cross Street?

The current guideline value of Pallavan Nagar 1st Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, increasing from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then rising to Rs 2,500 per sq.ft in 2023, and currently to Rs 2,750 per sq.ft in 2024.

What is the land classification for Pallavan Nagar 1st Cross Street?

Pallavan Nagar 1st Cross Street is classified as Residential Special Type - I under the Chennai South Joint II SRO.

What are the stamp duty and registration fees for a property in Pallavan Nagar 1st Cross Street?

For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for Pallavan Nagar 1st Cross Street?

The registrations for Pallavan Nagar 1st Cross Street are handled by the Chennai South Joint II Sub Registrar Office, located in Fanepet Nandanam, Chennai.