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Guideline Value

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Guideline Value for PAZHANIYAPPA NAGAR - Periyar Street

₹4950/sq.ft.

The guideline value for Pazhaniyappa Nagar - Periyar 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 - Periyar Street

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PAZHANIYAPPA NAGAR - Periyar Street guideline value

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

The guideline value for PAZHANIYAPPA NAGAR - Periyar Street has seen significant changes over the years. In 2002, the value was Rs 576 per sq.ft. This increased to Rs 626 per sq.ft in 2003, marking a 9% rise. By 2007, the value surged to Rs 750 per sq.ft, reflecting a 20% increase. The 2012 revision saw a notable jump to Rs 4,500 per sq.ft, a 500% increase from 2007. However, in 2017, the value decreased to Rs 3,015 per sq.ft, representing a decline of 33%.

In the following years, the guideline value continued to rise. The 2023 revision set the value at Rs 4,500 per sq.ft, which was a 49% increase from the previous figure in 2017. The most recent revision in 2024 raised the guideline value to Rs 4,950 per sq.ft, reflecting a 10% increase from 2023. There are no figures available for revisions in years other than those listed.

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 for these streets is Rs 3,850 per sq.ft, positioning PAZHANIYAPPA NAGAR - Periyar Street above this median.

Stamp duty and registration fee for property in PAZHANIYAPPA NAGAR - Periyar 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, bringing the total fees to Rs 4,45,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers PAZHANIYAPPA NAGAR - Periyar Street?

The PAZHANIYAPPA NAGAR - Periyar Street 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 is a crucial factor in the registration process for property transactions in Valasaravakkam. It serves as a basis for calculating the stamp duty and registration fees that need to be paid during the transaction. Buyers should be aware that the guideline value may differ from the actual sale price.

When selling property, the guideline value is used to determine the minimum price at which the property can be registered. This ensures that the transaction is recorded accurately and that the appropriate taxes are collected by the government.

Frequently asked questions

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

The current guideline value of PAZHANIYAPPA NAGAR - Periyar 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, increasing from Rs 576 per sq.ft in 2002 to Rs 4,950 per sq.ft in 2024, representing an overall increase of 759%.

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

PAZHANIYAPPA NAGAR - Periyar Street is classified as Residential Class I Type - I.

Where can I find the Sub Registrar Office for this area?

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

How is stamp duty calculated for property in PAZHANIYAPPA NAGAR - Periyar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 49,50,000, resulting in a stamp duty of Rs 3,46,500.