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Guideline Value

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Guideline Value for Palaniappa Nagar 3rd Main Road

₹2200/sq.ft.

The guideline value for Palaniappa Nagar 3rd Main Road in Gowrivakkam village (Selaiyur 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 Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Gowrivakkam

Village

Selaiyur

SRO

Residential Special Type - I
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 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /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.36,bharathmatha Salai(opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur,chennai - 600 073.
044-22391102
[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 Palaniappa Nagar 3rd Main Road

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Palaniappa Nagar 3rd Main Road guideline value

The current guideline value of Palaniappa Nagar 3rd Main Road is Rs 2,200 per sq.ft, effective from 1 July 2024. This road is located in Gowrivakkam village under the Selaiyur SRO, classified as Residential Special Type - I.

How the guideline value of Palaniappa Nagar 3rd Main Road has changed

The guideline value for Palaniappa Nagar 3rd Main Road has undergone several revisions over the years. The earliest revision available was in 2012, where the guideline value was Rs 2,000 per sq.ft. This was followed by a decrease to Rs 1,340 per sq.ft in 2017. In 2023, the value increased to Rs 2,000 per sq.ft, and the latest revision in 2024 set the value at Rs 2,200 per sq.ft. The revisions for the years 2002, 2003, and 2007 show no figures for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The increase from 2023 to 2024 is 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Gowrivakkam

In Gowrivakkam, there are 130 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 840 to Rs 3,750 per sq.ft. The median guideline value is Rs 2,200 per sq.ft, which is equal to the guideline value of Palaniappa Nagar 3rd Main Road.

Stamp duty and registration fee for property in Palaniappa Nagar 3rd Main Road

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. Together, these fees amount to Rs 1,98,000. 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 further assistance.

Which Sub Registrar Office covers Palaniappa Nagar 3rd Main Road?

The Sub Registrar Office covering Palaniappa Nagar 3rd Main Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Gowrivakkam. It serves as a reference point for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that they account for these costs in their budget when considering a property purchase.

Frequently asked questions

What is the current guideline value of Palaniappa Nagar 3rd Main Road?

The current guideline value of Palaniappa Nagar 3rd Main Road 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 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Palaniappa Nagar 3rd Main Road?

The Selaiyur Sub Registrar Office covers Palaniappa Nagar 3rd Main Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai.

What is the median guideline value in Gowrivakkam?

The median guideline value in Gowrivakkam is Rs 2,200 per sq.ft, which is the same as the guideline value for Palaniappa Nagar 3rd Main Road.