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Guideline Value

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Guideline Value for PAZHANIYAPPA NAGAR - Arcot Road

₹6600/sq.ft.

The guideline value for Pazhaniyappa Nagar - Arcot Road in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /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)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[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 Pazhaniyappa Nagar - Arcot Road

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PAZHANIYAPPA NAGAR - Arcot Road guideline value

The current guideline value of PAZHANIYAPPA NAGAR - Arcot Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This property is located in Valasaravakkam village and falls under the Virugambakkam SRO. The land classification for this area is Commercial Special Type - I.

How the guideline value of PAZHANIYAPPA NAGAR - Arcot Road has changed

The guideline value for PAZHANIYAPPA NAGAR - Arcot Road has seen significant changes over the years. The earliest recorded revision in 2007 set the guideline value at Rs 1,100 per sq.ft. This value dramatically increased to Rs 6,000 per sq.ft in 2012, marking a substantial rise of 445%. The value remained unchanged at Rs 6,000 per sq.ft until the next revision in 2023, when it was raised to Rs 6,600 per sq.ft, reflecting a 10% increase.

There are no figures available for the years 2017, 2003, and 2002 for this street. Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 500%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for the area is Rs 3,850 per sq.ft, which indicates that PAZHANIYAPPA NAGAR - Arcot Road's current figure is above this median.

Stamp duty and registration fee for property in PAZHANIYAPPA NAGAR - Arcot Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for accurate calculations based on your property details.

Which Sub Registrar Office covers PAZHANIYAPPA NAGAR - Arcot Road?

The Sub Registrar Office that covers PAZHANIYAPPA NAGAR - Arcot Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Valasaravakkam

The guideline value plays a crucial role in the registration process of property transactions in Valasaravakkam. It is used to determine the stamp duty and registration fees that must be paid at the time of registration. Buyers and sellers should be aware that the guideline value is a reference point for calculating these costs.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in property dealings. It is essential for both parties to understand the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of PAZHANIYAPPA NAGAR - Arcot Road?

The current guideline value of PAZHANIYAPPA NAGAR - Arcot Road is Rs 6,600 per sq.ft as per the 2024 revision, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,100 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, marking an overall increase of 500% over the years.

What are the guideline values for other streets in Valasaravakkam?

Other streets in Valasaravakkam have varying guideline values. For example, PAZHANIYAPPA NAGAR - Brahmaputra Street, Dr.Radhakrishnan Salai, Fathima Street, Ganga Street, Godavari 1st Street, and Godavari 2nd Street all have a guideline value of Rs 4,950 per sq.ft in 2024.

What is the stamp duty rate in PAZHANIYAPPA NAGAR - Arcot Road?

The stamp duty rate for property transactions in PAZHANIYAPPA NAGAR - Arcot Road is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for PAZHANIYAPPA NAGAR - Arcot Road?

The Sub Registrar Office for PAZHANIYAPPA NAGAR - Arcot Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.