Guideline Value

Corporate

Guideline Value for Pallappan Street

₹6600/sq.ft.

The guideline value for Pallappan Street in Triplicane village (Triplicane SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 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

Triplicane

Village

Triplicane

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1145 /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.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 Pallappan Street

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Pallappan Street guideline value

The current guideline value of Pallappan Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village under the Triplicane SRO, classified as Residential Class I Type - I.

How the guideline value of Pallappan Street has changed

The guideline value for Pallappan Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a guideline value of Rs 1,145 per sq.ft. This figure increased significantly to Rs 6,000 per sq.ft in 2012, marking a 424% rise. However, it then dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%. The value then increased to Rs 6,000 per sq.ft in 2023, followed by a further increase to Rs 6,600 per sq.ft in 2024, which is a 10% rise from the previous year.

There are no recorded figures for Pallappan Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 476%.

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. The median guideline value is Rs 6,600 per sq.ft, which is equal to the current figure for Pallappan Street.

Stamp duty and registration fee for property in Pallappan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that the 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 details.

Which Sub Registrar Office covers Pallappan Street?

The Sub Registrar Office that covers Pallappan Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Triplicane. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must be aware of the current guideline value to ensure they comply with legal requirements during the registration process.

When registering a property, the guideline value serves as a benchmark for assessing the transaction's worth. It is essential for both parties to consider this value, as it can impact the total costs involved in the transaction.

Frequently asked questions

What is the current guideline value of Pallappan Street?

The current guideline value of Pallappan Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,145 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, showing an overall increase of 476% over the years.

What is the registration office for Pallappan Street?

The registration office for Pallappan Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Pallappan Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value incurs a total stamp duty of Rs 4,62,000.

What are the other streets in Triplicane with guideline values?

Other streets in Triplicane include Palani(Palandi) AmmanKoil Street, Palani(Palandi) AmmanKoil South 2nd Street, and several others, all currently valued at Rs 2,700 per sq.ft in 2024.