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Guideline Value for PAZHANIYAPPA NAGAR - Brahmaputra Street

₹4950/sq.ft.

The guideline value for Pazhaniyappa Nagar - Brahmaputra Street in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Valasaravakkam

Village

Virugambakkam

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹626 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹576 /sq.ft.
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 - Brahmaputra Street

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PAZHANIYAPPA NAGAR - Brahmaputra Street guideline value

The current guideline value of PAZHANIYAPPA NAGAR - Brahmaputra Street is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, and it falls under the Residential Class I Type - I land classification.

How the guideline value of PAZHANIYAPPA NAGAR - Brahmaputra Street has changed

The guideline value for PAZHANIYAPPA NAGAR - Brahmaputra Street has undergone several revisions over the years. In 2002, the guideline value was Rs 576 per sq.ft. This increased to Rs 626 per sq.ft in 2003, marking a 9% rise. By 2007, the value jumped significantly to Rs 750 per sq.ft, reflecting a 20% increase. The 2012 revision saw a substantial increase to Rs 4,500 per sq.ft, which is a 500% rise from the previous figure.

In the latest revision for 2024, the guideline value is set at Rs 4,950 per sq.ft, which is a 10% increase from the 2012 figure. Overall, from 2002 to 2024, the guideline value has increased by 759%. It is important to note that there are no figures available for the revisions in 2017 and 2023 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, which means that the 2024 guideline value for PAZHANIYAPPA NAGAR - Brahmaputra Street is above this median.

Stamp duty and registration fee for property in PAZHANIYAPPA NAGAR - Brahmaputra Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, making the total cost Rs 4,45,500. 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 PAZHANIYAPPA NAGAR - Brahmaputra Street?

The PAZHANIYAPPA NAGAR - Brahmaputra Street is covered by 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 need to be paid during the sale or purchase of a property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. 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 PAZHANIYAPPA NAGAR - Brahmaputra Street?

The current guideline value of PAZHANIYAPPA NAGAR - Brahmaputra Street is Rs 4,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 576 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 759% over the years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 49,50,000, the stamp duty would be Rs 3,46,500 and the registration fee would be Rs 99,000, totaling Rs 4,45,500.

Which office handles registrations for PAZHANIYAPPA NAGAR - Brahmaputra Street?

The Virugambakkam Sub Registrar Office handles registrations for PAZHANIYAPPA NAGAR - Brahmaputra Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

Are there other streets in Valasaravakkam with different guideline values?

Yes, there are other streets in Valasaravakkam with varying guideline values, ranging from Rs 2,750 to Rs 8,800 per sq.ft, with the median being Rs 3,850 per sq.ft.