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Guideline Value

Corporate

Guideline Value for Palani Andavar Koil 1st/2nd/3rd street

₹4400/sq.ft.

The guideline value for Palani Andavar Koil 1st/2nd/3rd Street in Chindadripet village (Periamet SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Chindadripet

Village

Periamet

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /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)

1103, Poonamallee High Road, Chennai-600 003.
044-25612486
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Palani Andavar Koil 1st/2nd/3rd Street

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Palani Andavar Koil 1st/2nd/3rd street guideline value

The current guideline value for Palani Andavar Koil 1st/2nd/3rd street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Chindadripet village under the Periamet SRO, classified as Residential Class II Type - I.

How the guideline value of Palani Andavar Koil 1st/2nd/3rd street has changed

The guideline value for Palani Andavar Koil 1st/2nd/3rd street has seen significant changes over the years. In the 2007 revision, the value was Rs 900 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 344%. However, this value dropped to Rs 2,680 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft in the 2024 revision, an increase of 10% from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 389%.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO with a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median value is Rs 3,300 per sq.ft, and Palani Andavar Koil 1st/2nd/3rd street's 2024 figure of Rs 4,400 per sq.ft is above this median.

Stamp duty and registration fee for property in Palani Andavar Koil 1st/2nd/3rd street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Palani Andavar Koil 1st/2nd/3rd street?

The Sub Registrar Office covering Palani Andavar Koil 1st/2nd/3rd street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Chindadripet. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This value ensures that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the financial aspects of property registration. Understanding this value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Palani Andavar Koil 1st/2nd/3rd street?

The current guideline value of Palani Andavar Koil 1st/2nd/3rd street is Rs 4,400 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 900 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 389% over the years.

What is the land classification for this street?

Palani Andavar Koil 1st/2nd/3rd street is classified as Residential Class II Type - I.

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

The Sub Registrar Office for Palani Andavar Koil 1st/2nd/3rd street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003.

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, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.