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Guideline Value

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Guideline Value for PAZHANIYAPPA NAGAR - Thamirabarani Street

₹4950/sq.ft.

The guideline value for Pazhaniyappa Nagar - Thamirabarani 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 ₹750 /sq.ft.
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 - Thamirabarani Street

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PAZHANIYAPPA NAGAR - Thamirabarani Street guideline value

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

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

The guideline value for PAZHANIYAPPA NAGAR - Thamirabarani Street has seen significant changes over the years. In the 2007 revision, the value was Rs 750 per sq.ft, which increased to Rs 4,500 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 saw a further increase to Rs 4,950 per sq.ft, marking a 10% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 560%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 for this street in the register.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that have a 2024 guideline value 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, making the guideline value of PAZHANIYAPPA NAGAR - Thamirabarani Street above the median.

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

For a 1,000 sq.ft plot at the current rate of Rs 4,950 per sq.ft, the guideline value amounts to Rs 49,50,000. The stamp duty at 7% would be Rs 3,46,500, and the registration fee at 2% would be Rs 99,000, making the total Rs 4,45,500. It is important to note that the 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 details.

Which Sub Registrar Office covers PAZHANIYAPPA NAGAR - Thamirabarani Street?

The Sub Registrar Office that covers PAZHANIYAPPA NAGAR - Thamirabarani 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 reference point used during the registration of property transactions in Valasaravakkam. It helps determine the applicable stamp duty and registration fees based on the property's value.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which is essential for tax purposes. Buyers and sellers should be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

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

The current guideline value of PAZHANIYAPPA NAGAR - Thamirabarani 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 750 per sq.ft in 2007 to Rs 4,950 per sq.ft in 2024. This marks an overall increase of 560% over the years.

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

The land classification for PAZHANIYAPPA NAGAR - Thamirabarani Street is Residential Class I Type - I.

Where can I find the registration office for this area?

The registration office for PAZHANIYAPPA NAGAR - Thamirabarani 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. For example, a property with a guideline value of Rs 49,50,000 would incur a stamp duty of Rs 3,46,500 at 7%.