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Guideline Value for PAZHANIYAPPA NAGAR - Marutham Street

₹4950/sq.ft.

The guideline value for Pazhaniyappa Nagar - Marutham 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 - Marutham Street

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PAZHANIYAPPA NAGAR - Marutham Street guideline value

The current guideline value of PAZHANIYAPPA NAGAR - Marutham 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 is classified as Residential Class I Type - I.

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

The guideline value for PAZHANIYAPPA NAGAR - Marutham Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 4,950 per sq.ft, an increase of 10% from Rs 4,500 per sq.ft in the 2023 revision. The 2012 revision also recorded a value of Rs 4,500 per sq.ft, indicating no change from 2012 to 2023.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2017 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

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 value is Rs 3,850 per sq.ft, placing PAZHANIYAPPA NAGAR - Marutham Street above this median with its 2024 figure of Rs 4,950 per sq.ft.

Stamp duty and registration fee for property in PAZHANIYAPPA NAGAR - Marutham 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, resulting in a total of 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 the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers PAZHANIYAPPA NAGAR - Marutham Street?

The Sub Registrar Office that covers PAZHANIYAPPA NAGAR - Marutham 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 information.

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

The guideline value is a crucial factor when registering property transactions in Valasaravakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, it is essential to consider the guideline value as it may affect the overall costs involved in the transaction. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating duties.

Frequently asked questions

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

The current guideline value of PAZHANIYAPPA NAGAR - Marutham 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 4,500 per sq.ft in 2023 to Rs 4,950 per sq.ft in 2024, marking a 10% increase. There was no change from 2012 to 2023, where the value remained at Rs 4,500 per sq.ft.

What are the other streets in PAZHANIYAPPA NAGAR?

Other streets in PAZHANIYAPPA NAGAR include Main Street, Mullai Street, Krishna Street, Narmada Street, Kaveri Street, and Neythal Street, all having a guideline value of Rs 4,950 per sq.ft as of 2024.

What is the registration fee for property in this area?

The registration fee for property in PAZHANIYAPPA NAGAR is 2% of the guideline value. For example, for a property valued at Rs 49,50,000, the registration fee would be Rs 99,000.

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

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