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Guideline Value

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Guideline Value for PAZHANIYAPPA NAGAR - Pazhinaiyappa Nagar Main Road

₹4950/sq.ft.

The guideline value for Pazhaniyappa Nagar - Pazhinaiyappa Nagar Main Road 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 ₹1250 /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 - Pazhinaiyappa Nagar Main Road

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PAZHANIYAPPA NAGAR - Pazhinaiyappa Nagar Main Road guideline value

The current guideline value for PAZHANIYAPPA NAGAR - Pazhinaiyappa Nagar Main Road is Rs 4,950 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of PAZHANIYAPPA NAGAR - Pazhinaiyappa Nagar Main Road has changed

The guideline value for PAZHANIYAPPA NAGAR - Pazhinaiyappa Nagar Main Road has seen significant changes over the years. In 2002, the guideline value was Rs 576 per sq.ft, which increased to Rs 626 per sq.ft in 2003, marking a 9% rise. The value further rose to Rs 1,250 per sq.ft in 2007, reflecting a substantial increase of 100%. By 2012, the guideline value remained at Rs 4,500 per sq.ft, and this value was unchanged until the 2023 revision, which also recorded Rs 4,500 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 4,950 per sq.ft, showing a 10% increase from the previous year.

It is important to note that there is no figure available for the year 2017 in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 759%.

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 - Pazhinaiyappa Nagar Main Road above this median.

Stamp duty and registration fee for property in PAZHANIYAPPA NAGAR - Pazhinaiyappa Nagar Main Road

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, while the registration fee at 2% would be Rs 99,000, leading to a total of 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers PAZHANIYAPPA NAGAR - Pazhinaiyappa Nagar Main Road?

The PAZHANIYAPPA NAGAR - Pazhinaiyappa Nagar Main Road falls under 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 plays a crucial role in the registration process when buying or selling property in Valasaravakkam. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the guideline value serves as a benchmark for the transaction price. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any potential legal issues during the registration process.

Frequently asked questions

What is the current guideline value for PAZHANIYAPPA NAGAR - Pazhinaiyappa Nagar Main Road?

The current guideline value for PAZHANIYAPPA NAGAR - Pazhinaiyappa Nagar Main Road 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 576 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, reflecting an overall increase of 759% over this period.

What are the other streets in Valasaravakkam with the same guideline value?

Other streets in Valasaravakkam that share the same guideline value of Rs 4,950 per sq.ft include Palaru Street, Periyar Street, Neythal Street, Thamirabarani Street, Narmada Street, and Vaigai Street.

Where is the Virugambakkam Sub Registrar Office located?

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

How is stamp duty calculated for properties in PAZHANIYAPPA NAGAR?

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 a rate of 7%.