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Guideline Value

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Guideline Value for PAZHANIYAPPA NAGAR - Mullai Street

₹4950/sq.ft.

The guideline value for Pazhaniyappa Nagar - Mullai 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 - Mullai Street

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PAZHANIYAPPA NAGAR - Mullai Street guideline value

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

In the 2012 revision, the guideline value for PAZHANIYAPPA NAGAR - Mullai Street was Rs 4,500 per sq.ft. This figure remained unchanged through the 2023 revision. However, the 2024 revision saw an increase of 10%, bringing the current guideline value to Rs 4,950 per sq.ft.

There are no figures available for the revisions in 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 guideline value for these streets is Rs 3,850 per sq.ft, placing PAZHANIYAPPA NAGAR - Mullai Street above this median.

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

For a 1,000 sq.ft plot at the current rate, the guideline value totals Rs 49,50,000. The stamp duty at 7% amounts to Rs 3,46,500, and the registration fee at 2% is Rs 99,000, bringing the total to Rs 4,45,500. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers PAZHANIYAPPA NAGAR - Mullai Street?

The PAZHANIYAPPA NAGAR - Mullai Street is covered by 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 during the registration of property transactions in Valasaravakkam. It determines the minimum value for which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value must be considered alongside the sale price. The stamp duty and registration fees are calculated based on the higher of the two values, ensuring compliance with legal requirements.

Frequently asked questions

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

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

How has the guideline value changed over the years?

From the 2012 revision to the 2023 revision, the guideline value remained at Rs 4,500 per sq.ft. However, in the 2024 revision, it increased to Rs 4,950 per sq.ft, marking a 10% rise from the previous year.

What is the land classification of PAZHANIYAPPA NAGAR - Mullai Street?

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

Where can I find the registration office for this area?

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

How is 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 property valued at Rs 49,50,000 would incur a stamp duty of Rs 3,46,500 at 7%.