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Guideline Value

Corporate

Guideline Value for PALLAVAN NAGAR 3RD MAIN ROAD

₹2750/sq.ft.

The guideline value for Pallavan Nagar 3rd Main Road 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 Main Road

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Pallavan Nagar 3rd Main Road guideline value

The current guideline value of Pallavan Nagar 3rd Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Koladi village and falls under the Chennai South Joint II SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Pallavan Nagar 3rd Main Road has changed

The guideline value for Pallavan Nagar 3rd Main Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 2,750 per sq.ft, which is an increase from Rs 2,500 per sq.ft in 2023, marking a rise of 10%. Prior to that, the 2017 revision recorded a value of Rs 1,675 per sq.ft, which reflects a significant increase of 49% from the previous figure of Rs 2,500 per sq.ft in 2012. 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 from 2012 to 2024, it has increased overall by 10%. This shows the fluctuations in the guideline values over the years, with the current value being the highest in recent history.

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. The median guideline value for these streets is Rs 1,100 per sq.ft, placing Pallavan Nagar 3rd Main Road's current value above this median.

Stamp duty and registration fee for property in Pallavan Nagar 3rd Main Road

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 cost for these fees to Rs 2,47,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Pallavan Nagar 3rd Main Road?

The Sub Registrar Office that covers Pallavan Nagar 3rd Main Road 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 is a crucial aspect of property transactions in Koladi, as it determines the amount of stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must consider the guideline value to ensure compliance with legal requirements and to understand the financial implications of their property transactions.

When a property is bought or sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Pallavan Nagar 3rd Main Road?

The current guideline value of Pallavan Nagar 3rd Main Road 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 1,675 per sq.ft in 2017 to Rs 2,750 per sq.ft in 2024, with various fluctuations in between, including a decrease in 2017 from Rs 2,500 per sq.ft in 2012.

What is the land classification of Pallavan Nagar 3rd Main Road?

The land classification for Pallavan Nagar 3rd Main Road is Residential Special Type - I.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 at 7%.

Where can I find more information about the Sub Registrar Office?

The Chennai South Joint II Sub Registrar Office covers Pallavan Nagar 3rd Main Road. More information can be found by visiting the relevant link to find your SRO.