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Guideline Value

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Guideline Value for PURUSHOTHAMAN NAGAR 1sT STREET

₹2200/sq.ft.

The guideline value for Purushothaman Nagar 1st Street in Nemilicherry village (Pallavaram SRO, Chengalpattu zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nemilicherry

Village

Pallavaram

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Purushothaman Nagar 1st Street

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PURUSHOTHAMAN NAGAR 1sT STREET guideline value

The current guideline value of PURUSHOTHAMAN NAGAR 1sT STREET is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Nemilicherry village under the Pallavaram SRO, classified as Residential Class I Type - III.

How the guideline value of PURUSHOTHAMAN NAGAR 1sT STREET has changed

The guideline value for PURUSHOTHAMAN NAGAR 1sT STREET has undergone several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, this value dropped to Rs 1,474 per sq.ft in 2017. The subsequent revision in 2023 raised the value to Rs 2,000 per sq.ft, and the latest revision in 2024 has set it at Rs 2,200 per sq.ft. Notably, there are no figures available for the revisions in 2002 and 2003.

Between these revisions, the changes were as follows: from 2007 to 2012, there was an increase of 340%; from 2012 to 2017, the value decreased by 33%; from 2017 to 2023, it increased by 36%; and finally, from 2023 to 2024, there was a 10% increase. Overall, the guideline value has increased by 340% from 2007 to 2024.

Guideline values in Nemilicherry

In Nemilicherry village, there are 172 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,160 per sq.ft, placing PURUSHOTHAMAN NAGAR 1sT STREET above this median.

Stamp duty and registration fee for property in PURUSHOTHAMAN NAGAR 1sT STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, while the registration fee at 2% would be Rs 44,000, leading to a total of Rs 1,98,000 for these charges. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers PURUSHOTHAMAN NAGAR 1sT STREET?

The Sub Registrar Office that covers PURUSHOTHAMAN NAGAR 1sT STREET is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. To find your SRO, you can visit this link.

How the guideline value is used when you buy or sell in Nemilicherry

The guideline value is a crucial factor in the registration process when buying or selling property in Nemilicherry. It determines the minimum value at which the property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher, to ensure compliance with legal requirements.

Frequently asked questions

What is the current guideline value of PURUSHOTHAMAN NAGAR 1sT STREET?

The current guideline value of PURUSHOTHAMAN NAGAR 1sT STREET is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2012, then decreased to Rs 1,474 per sq.ft in 2017, increased to Rs 2,000 per sq.ft in 2023, and finally returned to Rs 2,200 per sq.ft in 2024.

What are the other streets in Nemilicherry with their guideline values?

Other streets in Nemilicherry include Quarry Street at Rs 1,100 per sq.ft, Rabhin Nagar at Rs 2,160 per sq.ft, P.T.C.Quarters at Rs 2,200 per sq.ft, Raghupathy Street at Rs 2,160 per sq.ft, Postal Colony at Rs 2,420 per sq.ft, and Poonga Street at Rs 2,160 per sq.ft.

What is the stamp duty rate for properties in PURUSHOTHAMAN NAGAR 1sT STREET?

The stamp duty rate for properties in PURUSHOTHAMAN NAGAR 1sT STREET is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for PURUSHOTHAMAN NAGAR 1sT STREET?

The Sub Registrar Office for PURUSHOTHAMAN NAGAR 1sT STREET is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.