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Guideline Value

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Guideline Value for PALLAVAN NAGAR 3RD AVENUE 1,2,3 CROSS

₹2750/sq.ft.

The guideline value for Pallavan Nagar 3rd Avenue 1,2,3 Cross 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 3rd Avenue 1,2,3 Cross

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Pallavan Nagar 3rd Avenue 1,2,3 Cross guideline value

The current guideline value for Pallavan Nagar 3rd Avenue 1,2,3 Cross is Rs 2,750 per sq.ft, effective from 1 July 2024. This property is located in Koladi village and falls under the Chennai South Joint II SRO, classified as Residential Special Type - I.

How the guideline value of Pallavan Nagar 3rd Avenue 1,2,3 Cross has changed

Since the 2012 revision, the guideline value for Pallavan Nagar 3rd Avenue 1,2,3 Cross has seen several changes. In 2012, the guideline value was Rs 2,500 per sq.ft. This figure decreased to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 set the guideline value at Rs 2,750 per sq.ft, which is a 10% increase from the previous year’s value of Rs 2,500 per sq.ft.

The register does not provide figures for the years 2002, 2003, and 2007 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 value for these streets is Rs 1,100 per sq.ft, which means that Pallavan Nagar 3rd Avenue 1,2,3 Cross is above this median.

Stamp duty and registration fee for property in Pallavan Nagar 3rd Avenue 1,2,3 Cross

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be 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 or the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Pallavan Nagar 3rd Avenue 1,2,3 Cross?

The Sub Registrar Office that covers Pallavan Nagar 3rd Avenue 1,2,3 Cross 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

When buying or selling property in Koladi, the guideline value is essential for determining the stamp duty and registration fees. The guideline value serves as a reference point for the registration process, ensuring that the property is valued appropriately for taxation purposes.

Frequently asked questions

What is the current guideline value for Pallavan Nagar 3rd Avenue 1,2,3 Cross?

The current guideline value for Pallavan Nagar 3rd Avenue 1,2,3 Cross 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 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,750 per sq.ft in 2024.

What is the land classification for Pallavan Nagar 3rd Avenue 1,2,3 Cross?

Pallavan Nagar 3rd Avenue 1,2,3 Cross is classified as Residential Special Type - I.

What are the stamp duty and registration fees for this property?

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

Which Sub Registrar Office covers this area?

The Chennai South Joint II Sub Registrar Office covers Pallavan Nagar 3rd Avenue 1,2,3 Cross, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.