Guideline Value for PALLAVAN THIRNAGAR

Pallavan Thirnagar guideline value

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

How the guideline value of Pallavan Thirnagar has changed

In the 2012 revision, the guideline value was Rs 300 per sq.ft. This figure remained unchanged in the 2017 revision, where it was Rs 201 per sq.ft, reflecting a decrease of 33%. The value then increased significantly by 49% to Rs 300 per sq.ft in the 2023 revision. The 2024 revision also maintains the guideline value at Rs 300 per sq.ft, showing no change from the previous year.

The register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 300 per sq.ft.

Guideline values in Kizhnallathur & Melnallathur

In Kizhnallathur & Melnallathur, there are 67 streets under the Manavalanagar SRO that carry 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. The guideline value for Pallavan Thirnagar is above this median.

• Pallavan Thirnagar Extension 2: 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

For a 1,000 sq.ft plot at the current rate of Rs 300 per sq.ft, the guideline value amounts to 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, together totaling Rs 27,000. 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 Thirnagar?

The Sub Registrar Office that covers Pallavan Thirnagar is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. To find your SRO, visit find your SRO.

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 when buying or selling property in Kizhnallathur & Melnallathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When a property is registered, the stamp duty is calculated based on the higher value between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Pallavan Thirnagar?

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

How has the guideline value changed over the years?

The guideline value has seen various changes, with the 2012 revision at Rs 300 per sq.ft, decreasing to Rs 201 per sq.ft in 2017, and then increasing to Rs 300 per sq.ft in 2023 and 2024.

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

Other streets in Kizhnallathur & Melnallathur have guideline values ranging from Rs 175 to Rs 1,201 per sq.ft, with Pallavan Thirnagar being above the median value of Rs 250 per sq.ft.

How is stamp duty calculated for properties in Pallavan Thirnagar?

Stamp duty for properties in Pallavan Thirnagar is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft would incur a stamp duty of Rs 21,000.

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

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