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Guideline Value

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Guideline Value for PAZHANIYAPPA NAGAR - Ganga Street

₹4950/sq.ft.

The guideline value for Pazhaniyappa Nagar - Ganga Street 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 ₹3015 /sq.ft.
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 - Ganga Street

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PAZHANIYAPPA NAGAR - Ganga Street guideline value

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

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

The guideline value for PAZHANIYAPPA NAGAR - Ganga Street has seen significant changes over the years. In the 2002 revision, the value was Rs 576 per sq.ft. This increased to Rs 626 per sq.ft in 2003, marking a 9% rise. The value then rose by 20% to Rs 750 per sq.ft in 2007. Following this, the 2012 revision saw a substantial increase of 500%, bringing the value to Rs 4,500 per sq.ft. However, in 2017, the value decreased by 33% to Rs 3,015 per sq.ft. The subsequent revision in 2023 recorded an increase of 49%, resulting in a guideline value of Rs 4,500 per sq.ft. Finally, the most recent 2024 revision set the guideline value at Rs 4,950 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years not mentioned in the revisions for this street.

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 value is Rs 3,850 per sq.ft, placing PAZHANIYAPPA NAGAR - Ganga Street's 2024 guideline value above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 4,950 per sq.ft, the 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, totaling 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.

You can use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers PAZHANIYAPPA NAGAR - Ganga Street?

The Sub Registrar Office that covers PAZHANIYAPPA NAGAR - Ganga Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions.

Frequently asked questions

What is the current guideline value of PAZHANIYAPPA NAGAR - Ganga Street?

The current guideline value of PAZHANIYAPPA NAGAR - Ganga 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 increased from Rs 576 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, showing an overall increase of 759%.

What are the other streets in PAZHANIYAPPA NAGAR with the same guideline value?

Other streets in PAZHANIYAPPA NAGAR, such as Fathima Street, Godavari 1st Street, Dr.Radhakrishnan Salai, Godavari 2nd Street, Brahmaputra Street, and Godavari Street, also have a guideline value of Rs 4,950 per sq.ft for 2024.

What is the stamp duty rate for property in PAZHANIYAPPA NAGAR - Ganga Street?

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

Where can I find the Sub Registrar Office for PAZHANIYAPPA NAGAR - Ganga Street?

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