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Guideline Value

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Guideline Value for PAZHANIYAPPA NAGAR - Godavari Street

₹4950/sq.ft.

The guideline value for Pazhaniyappa Nagar - Godavari 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 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 - Godavari Street

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PAZHANIYAPPA NAGAR - Godavari Street guideline value

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

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

The guideline value for PAZHANIYAPPA NAGAR - Godavari Street has seen several revisions over the years. In 2002, the guideline value was Rs 576 per sq.ft, which increased to Rs 626 per sq.ft in 2003, marking a change of +9%. The value then rose to Rs 750 per sq.ft in 2007, a change of +20%. By 2012, the value remained at Rs 4,500 per sq.ft, and there was no change until 2023. In 2023, the guideline value was again Rs 4,500 per sq.ft, and it increased to Rs 4,950 per sq.ft in 2024, reflecting a change of +10%.

It is important to note that the register has no figure for PAZHANIYAPPA NAGAR - Godavari Street for the year 2017. Overall, from 2002 to 2024, the guideline value has increased by +759%.

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 is Rs 3,850 per sq.ft, placing PAZHANIYAPPA NAGAR - Godavari Street above this median.

Stamp duty and registration fee for property in PAZHANIYAPPA NAGAR - Godavari 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, bringing the total cost for these fees to Rs 4,45,500. Please note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers PAZHANIYAPPA NAGAR - Godavari Street?

The Sub Registrar Office that covers PAZHANIYAPPA NAGAR - Godavari Street 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 plays a crucial role when buying or selling property in Valasaravakkam. It serves as the basis for calculating the stamp duty and registration fees, which are essential for the legal transfer of property ownership.

When a property is sold, the guideline value is taken into account to ensure that the transaction is recorded accurately. Buyers should be aware that the stamp duty is charged based on the higher value between the guideline value and the sale price, ensuring compliance with local regulations.

Frequently asked questions

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

The current guideline value of PAZHANIYAPPA NAGAR - Godavari 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 this period.

What is the registration office for PAZHANIYAPPA NAGAR - Godavari Street?

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

What are the stamp duty and registration fees for property 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 for these fees.

What is the land classification for PAZHANIYAPPA NAGAR - Godavari Street?

PAZHANIYAPPA NAGAR - Godavari Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.