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Guideline Value for PAZHANIYAPPA NAGAR - Krishna Street

₹4950/sq.ft.

The guideline value for Pazhaniyappa Nagar - Krishna 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 - Krishna Street

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PAZHANIYAPPA NAGAR - Krishna Street guideline value

The current guideline value of PAZHANIYAPPA NAGAR - Krishna 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 - Krishna Street has changed

The guideline value for PAZHANIYAPPA NAGAR - Krishna Street has seen 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 change of +9%. The value then rose significantly to Rs 750 per sq.ft in 2007, which was a +20% increase. Following that, in 2012, the guideline value reached Rs 4,500 per sq.ft, reflecting a substantial +500% change from the previous revision. However, this was followed by a decrease to Rs 3,015 per sq.ft in 2017, which was a -33% change. In 2023, the value increased again to Rs 4,500 per sq.ft, and the latest revision in 2024 has set the guideline value at Rs 4,950 per sq.ft, which is a +10% increase from the previous year.

It is important to note that there are no figures available for the revisions in the years not mentioned in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by +759%.

Guideline values in Valasaravakkam

In Valasaravakkam, the guideline values for streets under the Virugambakkam SRO range from Rs 2,750 to Rs 8,800 per sq.ft, with a median value of Rs 3,850 per sq.ft. The guideline value of PAZHANIYAPPA NAGAR - Krishna Street is above this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,950 per sq.ft, the total guideline value would be Rs 49,50,000. The stamp duty at 7% would amount to Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, bringing the total fees together to Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers PAZHANIYAPPA NAGAR - Krishna Street?

The Sub Registrar Office that covers PAZHANIYAPPA NAGAR - Krishna 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 in the property registration process in Valasaravakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that the transaction is officially recorded at a fair value as per government standards.

It is essential for both buyers and sellers to be aware of the current guideline value, as it directly affects the total cost involved in the registration process. The guideline value is periodically revised, and staying informed about these changes can help in making better decisions during property transactions.

Frequently asked questions

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

The current guideline value of PAZHANIYAPPA NAGAR - Krishna 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 significantly from Rs 576 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, marking an overall increase of +759% over the years.

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

PAZHANIYAPPA NAGAR - Krishna Street falls under the Residential Class I Type - I land classification.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for PAZHANIYAPPA NAGAR - Krishna Street 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 this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 3,46,500.