Guideline Value

Corporate

Guideline Value for PALLAVAN NAGAR

₹501/sq.ft.

The guideline value for Pallavan Nagar in Thadaperumbakkam village (Ponneri SRO, Chennai zone) is Rs 501 per sq.ft, effective 1 July 2024. It was Rs 300 per sq.ft from 1 April 2023, a 67% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thadaperumbakkam

Village

Ponneri

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹501 /sq.ft.
From 1-4-2023 ₹300 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹134 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹200 /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)

9/5,taluk Office Road, Ponneri, Chennai-601204
044-27974517
[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

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Pallavan Nagar guideline value

The current guideline value of Pallavan Nagar is Rs 501 per sq.ft, effective from 1 July 2024. It is located in Thadaperumbakkam village under the Ponneri SRO, classified as Residential Class II Type - I.

How the guideline value of Pallavan Nagar has changed

The guideline value for Pallavan Nagar has undergone several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 200 per sq.ft. This was followed by a decrease to Rs 134 per sq.ft in 2017. The value then increased significantly to Rs 300 per sq.ft in 2023, and further rose to Rs 501 per sq.ft in the 2024 revision, marking a 67% increase from the previous year.

From 2012 to 2017, the guideline value decreased by 33%. However, there was a substantial increase of 124% from 2017 to 2023. Overall, from 2012 to 2024, the guideline value has increased by 151%. The register has no figures for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Thadaperumbakkam

In Thadaperumbakkam, there are 50 streets under the Ponneri SRO that carry a guideline value for 2024, ranging from Rs 500 to Rs 1,500 per sq.ft. The median guideline value for these streets is Rs 501 per sq.ft, which is equal to the guideline value of Pallavan Nagar.

Stamp duty and registration fee for property in Pallavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000. The stamp duty, charged at 7%, would amount to Rs 35,070, while the registration fee at 2% would be Rs 10,020. Together, the total cost for duty and registration would be Rs 45,090. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pallavan Nagar?

The Sub Registrar Office that covers Pallavan Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Thadaperumbakkam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that these charges are based on a standardized value set by the authorities.

When buying or selling property, the guideline value is referenced to ensure compliance with legal requirements. Buyers should be aware that the duty is charged on either the guideline value or the sale price, whichever is higher, making it essential to understand the current guideline value in the area.

Frequently asked questions

What is the current guideline value of Pallavan Nagar?

The current guideline value of Pallavan Nagar is Rs 501 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2012 to Rs 501 per sq.ft in 2024, with significant increases noted in the revisions of 2023 and 2024.

What is the land classification for Pallavan Nagar?

Pallavan Nagar is classified as Residential Class II Type - I, indicating its use for residential purposes.

Where can I find the Ponneri Sub Registrar Office?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. This office handles property registrations for Pallavan Nagar.

How is stamp duty calculated for properties in Pallavan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the guideline value of Rs 501 per sq.ft, the total guideline value would be Rs 5,01,000.