Guideline Value for PALLAVAN THIRNAGAR EXTENSION 2

Pallavan Thirnagar Extension 2 guideline value

The current guideline value of Pallavan Thirnagar Extension 2 is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Kizhnallathur & Melnallathur village under the Manavalanagar SRO, classified as Residential Class I Type - I.

How the guideline value of Pallavan Thirnagar Extension 2 has changed

Looking at the revisions, the guideline value for Pallavan Thirnagar Extension 2 has seen several changes over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 201 per sq.ft. Following this, the 2023 revision brought the value back up to Rs 300 per sq.ft, and the 2024 revision has also maintained this rate, showing a 0% change from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 300 per sq.ft.

Between the revisions, the most significant change occurred from 2017 to 2023, with an increase of 49%. The 2012 to 2017 period saw a decrease of 33%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO that have a 2024 guideline value ranging from Rs 175 to Rs 1,201 per sq.ft, with a median value of Rs 250 per sq.ft. Pallavan Thirnagar Extension 2's guideline value is above this median.

• Pallavan Thirnagar: Rs 300 per sq.ft (2024)
• Parvathy Nagar: Rs 300 per sq.ft (2024)
• P.P.NAGAR (S.No.191/1,5A): Rs 350 per sq.ft (2024)
• Prajo Park: Rs 226 per sq.ft (2024)
• Murali Nagar: Rs 200 per sq.ft (2024)
• Moogambigai Nagar: Rs 226 per sq.ft (2024)

Stamp duty and registration fee for property in Pallavan Thirnagar Extension 2

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallavan Thirnagar Extension 2?

The Sub Registrar Office that covers Pallavan Thirnagar Extension 2 is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kizhnallathur & Melnallathur

The guideline value is an essential factor in the registration process of property transactions in Kizhnallathur & Melnallathur. It serves as the baseline for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value helps determine the minimum price at which a property can be registered. This value is critical for both buyers and sellers to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for Pallavan Thirnagar Extension 2?

The current guideline value for Pallavan Thirnagar Extension 2 is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023.

What is the registration office for Pallavan Thirnagar Extension 2?

The registration office for Pallavan Thirnagar Extension 2 is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai.

How is 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, on a property with a guideline value of Rs 3,00,000, the stamp duty would be Rs 21,000 at a rate of 7%.

What are the other streets with guideline values in Kizhnallathur & Melnallathur?

Other streets in Kizhnallathur & Melnallathur include Pallavan Thirnagar, Parvathy Nagar, P.P.NAGAR (S.No.191/1,5A), Prajo Park, Murali Nagar, and Moogambigai Nagar, with various guideline values.