Guideline Value

Corporate

Guideline Value for PANJAPANDAVAR MALAI ROAD

₹2750/sq.ft.

The guideline value for Panjapandavar Malai 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 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹600 /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.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Panjapandavar Malai Road

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Panjapandavar Malai Road guideline value

The current guideline value of Panjapandavar Malai Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Zaminpallavaram village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Panjapandavar Malai Road has changed

The guideline value for Panjapandavar Malai Road has seen several revisions over the years. The earliest recorded figure in the register is from 2007, where the guideline value was Rs 600 per sq.ft. This value increased significantly in 2012 to Rs 2,500 per sq.ft, remaining unchanged until the 2023 revision, which also recorded Rs 2,500 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 2,750 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 358%. The substantial rise from Rs 600 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024 reflects the changes in the real estate landscape over the years. There are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Zaminpallavaram

Zaminpallavaram village 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. The median guideline value for these streets is Rs 3,300 per sq.ft, placing the 2024 guideline value of Panjapandavar Malai Road below this median.

Stamp duty and registration fee for property in Panjapandavar Malai 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, and the registration fee at 2% would be Rs 55,000, bringing the total cost 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Panjapandavar Malai Road?

The Sub Registrar Office that covers Panjapandavar Malai Road is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, 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 crucial factor during the registration process of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When buying or selling property, the guideline value influences the stamp duty and registration fees that need to be paid. Buyers must be aware that these costs are calculated based on the higher of the guideline value or the agreed sale price, which can impact the overall expenses involved in the transaction.

Frequently asked questions

What is the current guideline value of Panjapandavar Malai Road?

The current guideline value of Panjapandavar Malai 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 increased from Rs 600 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, marking a total increase of 358% over the years.

What are the guideline values for other streets in Zaminpallavaram?

Other streets in Zaminpallavaram have varying guideline values, with rates ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft.

What is the stamp duty rate for property in Panjapandavar Malai Road?

The stamp duty rate for property transactions in Panjapandavar Malai Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Panjapandavar Malai Road?

The Sub Registrar Office for Panjapandavar Malai Road is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.