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Guideline Value

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Guideline Value for Palani(Palandi) AmmanKoil North 2nd Street

₹2700/sq.ft.

The guideline value for Palani(palandi) Ammankoil North 2nd Street in Triplicane village (Triplicane SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Triplicane

Village

Triplicane

SRO

Residential Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28611761
[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(palandi) Ammankoil North 2nd Street

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Palani(Palandi) AmmanKoil North 2nd Street guideline value

The current guideline value for Palani(Palandi) AmmanKoil North 2nd Street is Rs 2,700 per sq.ft. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Special Type - V.

How the guideline value of Palani(Palandi) AmmanKoil North 2nd Street has changed

Over the years, the guideline value for Palani(Palandi) AmmanKoil North 2nd Street has seen several revisions. The 2012 revision set the value at Rs 2,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,675 per sq.ft. The 2023 revision increased the value to Rs 2,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value for Palani(Palandi) AmmanKoil North 2nd Street is below this median.

Stamp duty and registration fee for property in Palani(Palandi) AmmanKoil North 2nd Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 27,00,000. The stamp duty at 7% amounts to Rs 1,89,000, while the registration fee at 2% is Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that stamp 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 information.

Which Sub Registrar Office covers Palani(Palandi) AmmanKoil North 2nd Street?

The Sub Registrar Office that covers Palani(Palandi) AmmanKoil North 2nd Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more details, you can find your SRO.

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

The guideline value plays a crucial role during the registration process of property transactions in Triplicane. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the buyer will pay the stamp duty based on the higher amount between the guideline value and the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Palani(Palandi) AmmanKoil North 2nd Street?

The current guideline value for Palani(Palandi) AmmanKoil North 2nd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2023 to Rs 2,700 per sq.ft in 2024, an increase of 8%. From 2017 to 2023, it rose by 49%, while from 2012 to 2017, it decreased by 33%.

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

The Sub Registrar Office for Palani(Palandi) AmmanKoil North 2nd Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the land classification for this street?

Palani(Palandi) AmmanKoil North 2nd Street is classified as Residential Special Type - V, indicating its designated use within the local planning framework.

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 of the property. For example, for a property valued at Rs 27,00,000, the stamp duty would be calculated at 7% of that amount.