Guideline Value for PANCHAYAT COLONY ROAD
₹2750/sq.ft.
The guideline value for Panchayat Colony Road in Zaminpallavaram village (Pallavaram SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 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:
Chengalpattu
Zone
Zaminpallavaram
Village
Pallavaram
SRO
Residential Class II Type - I
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2750 /sq.ft. |
| From 1-4-2023 | ₹2500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1675 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2500 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹800 /sq.ft. |
| 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)
7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]
DRO (District Registrar Office)
Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
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[email protected], [email protected]
Records for a plot on Panchayat Colony Road
- 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
- Pallavaram sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Panchayat Colony Road guideline value
The current guideline value of Panchayat Colony Road in Zaminpallavaram village is Rs 2,750 per sq.ft, effective from 1 July 2024. This area falls under the Pallavaram SRO and is classified as Residential Class II Type - I.
How the guideline value of Panchayat Colony Road has changed
The guideline value for Panchayat Colony Road has seen several revisions over the years. In 2007, the value was Rs 800 per sq.ft, which increased significantly to Rs 2,500 per sq.ft in 2012. However, it then decreased by 33% to Rs 1,675 per sq.ft in 2017. The value experienced a substantial increase of 49% to reach Rs 2,500 per sq.ft in 2023, and further rose by 10% to the current rate of Rs 2,750 per sq.ft in 2024. The register has no figures for the years 2002 and 2003 for this street.
Overall, from 2007 to 2024, the guideline value has increased by 244%. This reflects the changes in property valuation over the years, highlighting the fluctuations in the real estate market in this area.
Guideline values in Zaminpallavaram
Zaminpallavaram has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft as of 2024. The median guideline value for the village is Rs 3,300 per sq.ft, placing the current value of Panchayat Colony Road below this median.
- Panchayat Market Colony Road: Rs 2,750 per sq.ft (2024)
- Panchayat Market Lane: Rs 2,750 per sq.ft (2024)
- Panchayat Market Road: Rs 2,750 per sq.ft (2024)
- Panjapandavar Malai Road: Rs 2,750 per sq.ft (2024)
- Parameswaran Street: Rs 2,160 per sq.ft (2024)
- Pallavan Colony: Rs 2,160 per sq.ft (2024)
Stamp duty and registration fee for property in Panchayat Colony Road
For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, while the registration fee at 2% would be Rs 55,000, bringing the total costs together to Rs 2,47,500. 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 more details.
Which Sub Registrar Office covers Panchayat Colony Road?
The Panchayat Colony Road is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.
How the guideline value is used when you buy or sell in Zaminpallavaram
The guideline value is a critical factor in the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency and consistency in property dealings.
When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are essential components of the transaction process. Buyers should be aware of the current guideline value to ensure they are making informed decisions during the registration process.
Frequently asked questions
What is the current guideline value of Panchayat Colony Road?
The current guideline value of Panchayat Colony Road is Rs 2,750 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 800 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 244% over the years.
What are the stamp duty and registration fees for properties in this area?
For a property valued at Rs 27,50,000, the stamp duty would be Rs 1,92,500 and the registration fee would be Rs 55,000, totaling Rs 2,47,500.
Which office handles property registrations for Panchayat Colony Road?
The Pallavaram Sub Registrar Office is responsible for property registrations in Panchayat Colony Road, located in Chromepet, Chennai.
What is the land classification for Panchayat Colony Road?
Panchayat Colony Road is classified as Residential Class II Type - I, indicating its suitability for residential purposes.
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