Guideline Value

Corporate

Guideline Value for PALLAVAN NAGAR 1ST STREET

₹2750/sq.ft.

The guideline value for Pallavan Nagar 1st 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 ₹300 /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)

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 Street

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Pallavan Nagar 1st Street guideline value

The current guideline value of Pallavan Nagar 1st 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, classified as Residential Special Type - I.

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

Over the years, the guideline value of Pallavan Nagar 1st Street has seen significant changes. The earliest recorded figure is from 2007, where it was Rs 300 per sq.ft. This value increased dramatically to Rs 2,500 per sq.ft in 2012, marking a rise of 733%. However, it then decreased to Rs 1,675 per sq.ft in 2017, which is a decline of 33%. The value continued to rise, reaching Rs 2,500 per sq.ft in 2023, and further increasing to Rs 2,750 per sq.ft in 2024, reflecting a 10% growth.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2007 figure to the current 2024 guideline value, there has been an increase of 817%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koladi

In Koladi village, 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. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Pallavan Nagar 1st Street's 2024 figure above this median.

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 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 to Rs 2,47,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher.

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

Which Sub Registrar Office covers Pallavan Nagar 1st Street?

The Sub Registrar Office that covers Pallavan Nagar 1st 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Koladi. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recorded and compliant with local regulations.

When a property is sold, the guideline value is considered to ensure that the sale price is not undervalued. This helps maintain transparency in property transactions and ensures that the government receives the appropriate revenue from stamp duties and registration fees.

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 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 817% over the years.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 27,50,000, resulting in a stamp duty of Rs 1,92,500 and a registration fee of Rs 55,000, totaling Rs 2,47,500.

Which office handles registrations for Pallavan Nagar 1st Street?

The Chennai South Joint II Sub Registrar Office handles registrations for Pallavan Nagar 1st Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the significance of the guideline value in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It ensures that properties are not undervalued and that the correct revenue is collected by the government.