Guideline Value for PALLAVAN NAGAR

Pallavan Nagar guideline value

The current guideline value of Pallavan Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Pulipakkam village under the Chengleput Joint II SRO, and the land classification is Residential Special Type - I.

How the guideline value of Pallavan Nagar has changed

Over the years, the guideline value for Pallavan Nagar has seen several revisions. The 2012 revision set the value at Rs 600 per sq.ft, which remained unchanged until the 2023 revision, also at Rs 600 per sq.ft. The 2017 revision had a lower value of Rs 402 per sq.ft, indicating a decrease of 33% from the 2012 figure. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%, bringing it back to Rs 600 per sq.ft. The most recent revision in 2024 has maintained this value, showing a 0% change from the previous year. Overall, comparing the 2012 and 2024 revisions, there has been no change in the guideline value.

Guideline values in Pulipakkam

Pulipakkam village has 12 streets under the Chengleput Joint II SRO that carry a guideline value for 2024, ranging from Rs 600 to Rs 1,000 per sq.ft. The median value for these streets is Rs 600 per sq.ft, making Pallavan Nagar's 2024 figure equal to that median.

• Pallava Garden: Rs 600 per sq.ft (2024)
• Nu-Tech Gardenia Phase - III: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - II: Rs 1,000 per sq.ft (2024)
• Nu-Tech Gardenia Phase - I: Rs 1,000 per sq.ft (2024)
• Narayana Nagar: Rs 600 per sq.ft (2024)
• Purusothaman Nagar: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Pallavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. 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 precise calculations.

Which Sub Registrar Office covers Pallavan Nagar?

The Sub Registrar Office that covers Pallavan Nagar is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Pulipakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When registering a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Pallavan Nagar?

The current guideline value of Pallavan Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Pallavan Nagar has remained at Rs 600 per sq.ft from 2012 to 2024, with a notable increase of 49% from Rs 402 per sq.ft in 2017 to 2023.

What are the other streets in Pulipakkam with their guideline values?

Other streets in Pulipakkam have guideline values ranging from Rs 600 to Rs 1,000 per sq.ft, with Pallavan Nagar's value matching the median of Rs 600 per sq.ft.

What is the stamp duty for a property in Pallavan Nagar?

The stamp duty for a property in Pallavan Nagar is calculated at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Pallavan Nagar?

The Chengleput Joint II Sub Registrar Office covers Pallavan Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.