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Guideline Value

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Guideline Value for PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai

₹4950/sq.ft.

The guideline value for Pazhaniyappa Nagar - Dr.radhakrishnan Salai in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4950 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 10% change. 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 ₹4500 /sq.ft.
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 ₹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)

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 - Dr.radhakrishnan Salai

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PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai guideline value

The current guideline value of PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO, and is classified as Residential Class I Type - I.

How the guideline value of PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai has changed

The guideline value for PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 800 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a rise of 463%. The value remained unchanged at Rs 4,500 per sq.ft in 2023, before increasing to Rs 4,950 per sq.ft in 2024, reflecting a 10% increase.

There are no recorded figures for the years 2002, 2003, and 2017 for this street. Overall, from 2007 to 2024, the guideline value has increased by 519%.

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 guideline value for these streets is Rs 3,850 per sq.ft, indicating that PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai's 2024 figure of Rs 4,950 per sq.ft is above this median.

Stamp duty and registration fee for property in PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai

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, bringing the total to 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai?

The Sub Registrar Office that covers PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai 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 details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai?

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

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 800 per sq.ft to Rs 4,950 per sq.ft in 2024, reflecting a total increase of 519% over the years.

What is the land classification for PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai?

PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai is classified as Residential Class I Type - I.

Where can I find the registration office for PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai?

The registration office for PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in PAZHANIYAPPA NAGAR - Dr.Radhakrishnan Salai?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% applies to the transaction.