Guideline Value

Corporate

Guideline Value for PALLAVAN NAGAR MAIN ROAD

₹990/sq.ft.

The guideline value for Pallavan Nagar Main Road 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 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹164 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹131 /sq.ft.
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 Main Road

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Pallavan Nagar Main Road guideline value

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

How the guideline value of Pallavan Nagar Main Road has changed

The guideline value for Pallavan Nagar Main Road has undergone several revisions over the years. In 2002, the value was Rs 131 per sq.ft, which increased to Rs 164 per sq.ft in 2003, marking a 25% rise. The value continued to increase to Rs 300 per sq.ft in 2007, reflecting an 83% change. By 2012, the value was Rs 900 per sq.ft, showing a significant increase of 200% from the previous revision. However, it decreased to Rs 603 per sq.ft in 2017, a drop of 33%. The value then rose to Rs 900 per sq.ft in 2023, and currently stands at Rs 990 per sq.ft from the 2024 revision, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 656%. There are no figures available for the revisions in years other than those listed above.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 801 to Rs 4,200 per sq.ft. The median guideline value for the village is Rs 990 per sq.ft, which matches the current value for Pallavan Nagar Main Road.

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

For a 1,000 sq.ft plot at the current rate of Rs 990 per sq.ft, the guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be 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 guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pallavan Nagar Main Road?

The Pallavan Nagar Main Road falls under the jurisdiction of the Avadi Sub Registrar Office. The address is 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 a crucial factor in the registration process when buying or selling property in Paleripattu. It is used to determine the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 131 per sq.ft in 2002 to Rs 990 per sq.ft in 2024, reflecting an overall increase of 656% over the years.

What is the land classification for Pallavan Nagar Main Road?

The land classification for Pallavan Nagar Main Road is Residential Class II Type - I.

Where can I find the registration office for Pallavan Nagar Main Road?

The registration office for Pallavan Nagar Main Road 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 Main Road?

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