Guideline Value for PALLAVAN STREET(MAIN ROAD WEST SIDE)
₹4620/sq.ft.
The guideline value for Pallavan Street(main Road West Side) in Ekkaduthangal village (Chennai South Joint I SRO, Chennai zone) is Rs 4620 per sq.ft, effective 1 July 2024. It was Rs 4200 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
Ekkaduthangal
Village
Chennai South Joint I
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹4620 /sq.ft. |
| From 1-4-2023 | ₹4200 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹2814 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹4200 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹1000 /sq.ft. |
| From 1-4-2003 To 31-7-2007 | ₹404 /sq.ft. |
| From 1-4-2002 To 31-3-2003 | ₹350 /sq.ft. |
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
044-29510536
[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 Street(main Road West Side)
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Chennai South Joint I sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Pallavan Street(Main Road West Side) guideline value
The current guideline value for Pallavan Street(Main Road West Side) is Rs 4,620 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village, under the Chennai South Joint I SRO, and is classified as Residential Class II Type - I.
How the guideline value of Pallavan Street(Main Road West Side) has changed
The guideline value for Pallavan Street has undergone several revisions over the years. In 2002, the value was Rs 350 per sq.ft, which increased to Rs 404 per sq.ft in 2003. The value saw a significant rise to Rs 1,000 per sq.ft in 2007, followed by a further increase to Rs 4,200 per sq.ft in 2012. However, it dropped to Rs 2,814 per sq.ft in 2017. The value then rose sharply to Rs 4,200 per sq.ft in 2023, before reaching the current value of Rs 4,620 per sq.ft in 2024.
In terms of percentage changes, the guideline value increased by 15% from 2002 to 2003, followed by a 148% increase from 2003 to 2007. The value then increased by 320% from 2007 to 2012, but saw a decrease of 33% from 2012 to 2017. The value surged by 49% from 2017 to 2023, and finally increased by 10% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1220%.
Guideline values in Ekkaduthangal
In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 4,620 per sq.ft, which is equal to the current value of Pallavan Street(Main Road West Side).
- Parthasarathy Koil Street: Rs 4,620 per sq.ft (2024)
- Pattinathar Street: Rs 3,080 per sq.ft (2024)
- Pillaiyar Koil 1st Street: Rs 3,080 per sq.ft (2024)
- Pillaiyar Koil 2nd St: Rs 3,080 per sq.ft (2024)
- Pillaiyar Koil 3rd St: Rs 3,080 per sq.ft (2024)
- Pillaiyar Koil 4th Cross Street: Rs 3,080 per sq.ft (2024)
Stamp duty and registration fee for property in Pallavan Street(Main Road West Side)
For a 1,000 sq.ft plot at the current guideline value of Rs 4,620 per sq.ft, the total guideline value amounts to Rs 46,20,000. The stamp duty at 7% would be Rs 3,23,400, while the registration fee at 2% would be Rs 92,400, bringing the total cost for these fees to Rs 4,15,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
You can also use our stamp duty and registration fee calculator for more accurate estimations.
Which Sub Registrar Office covers Pallavan Street(Main Road West Side)?
The Sub Registrar Office that covers Pallavan Street(Main Road West Side) is the Chennai South Joint I 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 details.
How the guideline value is used when you buy or sell in Ekkaduthangal
The guideline value is an essential factor when registering a property in Ekkaduthangal. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that all transactions are recorded at a fair value.
When you buy or sell 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 for Pallavan Street(Main Road West Side)?
The current guideline value for Pallavan Street(Main Road West Side) is Rs 4,620 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed multiple times, starting from Rs 350 per sq.ft in 2002 to the current value of Rs 4,620 per sq.ft in 2024, reflecting an overall increase of 1220%.
What is the land classification of Pallavan Street(Main Road West Side)?
Pallavan Street(Main Road West Side) is classified as Residential Class II Type - I.
Where can I find the Sub Registrar Office for Pallavan Street(Main Road West Side)?
The Sub Registrar Office is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, fanepet Nandanam, Chennai -600 035.
How are stamp duty and registration fees calculated for properties in Ekkaduthangal?
Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 46,20,000, the total fees would amount to Rs 4,15,800.
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