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Guideline Value

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Guideline Value for PAZHANIYAPPA NAGAR - Main Street

₹4950/sq.ft.

The guideline value for Pazhaniyappa Nagar - Main 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 N/A
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 - Main Street

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PAZHANIYAPPA NAGAR - Main Street guideline value

The current guideline value for PAZHANIYAPPA NAGAR - Main 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 - Main Street has changed

The guideline value for PAZHANIYAPPA NAGAR - Main Street has seen several revisions over the years. In the 2012 revision, the value was Rs 4,500 per sq.ft, which remained unchanged until the 2023 revision. The 2023 revision also recorded the same value of Rs 4,500 per sq.ft. However, in the 2024 revision, the value increased to Rs 4,950 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. There are no figures available for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value 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, placing PAZHANIYAPPA NAGAR - Main Street above this median.

Stamp duty and registration fee for property in PAZHANIYAPPA NAGAR - Main 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. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers PAZHANIYAPPA NAGAR - Main Street?

The PAZHANIYAPPA NAGAR - Main Street is covered by 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 is a critical factor in property transactions in Valasaravakkam. It serves as a benchmark for the registration of properties, ensuring that the transaction is recorded at a value recognized by the state. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with local regulations.

When a property is sold, the guideline value will determine the stamp duty and registration fees payable. This ensures that all transactions are documented accurately and reflect the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value for PAZHANIYAPPA NAGAR - Main Street?

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

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has increased from Rs 4,500 per sq.ft to Rs 4,950 per sq.ft in the 2024 revision, reflecting a total increase of 10% over this period.

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 for these fees.

Which office handles property registrations for PAZHANIYAPPA NAGAR - Main Street?

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

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

PAZHANIYAPPA NAGAR - Main Street is classified as Residential Class I Type - I, which indicates its suitability for residential purposes.