Guideline Value

Corporate

Guideline Value for PALLAVAN NAGAR 1ST STREET

₹990/sq.ft.

The guideline value for Pallavan Nagar 1st Street in Paleripattu village (Avadi SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Street

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Pallavan Nagar 1st Street guideline value

The current guideline value of Pallavan Nagar 1st Street, located in Paleripattu village under the Avadi SRO, is Rs 990 per sq.ft. This value is effective from the 1st of July 2024 and falls under the Residential Class II Type - I land classification.

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

The guideline value for Pallavan Nagar 1st Street has undergone several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017, before increasing to Rs 900 per sq.ft again in the 2023 revision. The current revision in 2024 shows a further increase to Rs 990 per sq.ft, marking a 10% rise from the previous year.

Between the revisions, the changes are as follows: from 2017 to 2023, there was a significant increase of 49%. From 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paleripattu

Paleripattu village has 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft. The median value is Rs 990 per sq.ft, which is equal to the guideline value of Pallavan Nagar 1st Street.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total to Rs 89,100. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pallavan Nagar 1st Street?

The Sub Registrar Office that covers Pallavan Nagar 1st Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is an essential factor in the registration process of property transactions in Paleripattu. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions, preventing undervaluation and ensuring that the appropriate taxes are collected.

Frequently asked questions

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

The current guideline value of Pallavan Nagar 1st Street is Rs 990 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Pallavan Nagar 1st Street?

Pallavan Nagar 1st Street is classified under Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Pallavan Nagar 1st Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Pallavan Nagar 1st Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 9,90,000, the stamp duty would be Rs 69,300 at 7%.