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Guideline Value

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Guideline Value for PAZHANIYAPPA NAGAR - Narmada Street

₹4950/sq.ft.

The guideline value for Pazhaniyappa Nagar - Narmada 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 - Narmada Street

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PAZHANIYAPPA NAGAR - Narmada Street guideline value

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

The guideline value for PAZHANIYAPPA NAGAR - Narmada Street has undergone several revisions over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 576 per sq.ft. This increased to Rs 626 per sq.ft in 2003, marking a 9% rise. The value continued to rise to Rs 750 per sq.ft in 2007, reflecting a 20% increase. In 2012, the guideline value saw a significant jump to Rs 4,500 per sq.ft, a 500% increase from the previous revision. However, it then dropped to Rs 3,015 per sq.ft in 2017, showing a decrease of 33%. The value rebounded to Rs 4,500 per sq.ft in 2023, before reaching the current figure of Rs 4,950 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 759%. There are no figures available for revisions in years other than those listed above.

Guideline values in Valasaravakkam

In Valasaravakkam, there are a total of 774 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for the village is Rs 3,850 per sq.ft, placing the 2024 figure for PAZHANIYAPPA NAGAR - Narmada Street above this median.

Stamp duty and registration fee for property in PAZHANIYAPPA NAGAR - Narmada 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, charged at 7%, would be Rs 3,46,500, while the registration fee at 2% would be Rs 99,000. The total amount payable would be Rs 4,45,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers PAZHANIYAPPA NAGAR - Narmada Street?

The PAZHANIYAPPA NAGAR - Narmada Street falls under the jurisdiction of 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 is a critical factor when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the buyer is required to pay stamp duty based on the guideline value or the actual sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of PAZHANIYAPPA NAGAR - Narmada 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, reflecting an overall increase of 759% over this period.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers PAZHANIYAPPA NAGAR - Narmada Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in PAZHANIYAPPA NAGAR - Narmada Street is 7% of the guideline value or the sale price, whichever is higher.

What are the guideline values of other streets in PAZHANIYAPPA NAGAR?

Other streets in PAZHANIYAPPA NAGAR, such as Mullai Street, Neythal Street, Marutham Street, Palaru Street, Main Street, and Pazhinaiyappa Nagar Main Road, also have a guideline value of Rs 4,950 per sq.ft for 2024.