Guideline Value

Corporate

Guideline Value for Pallavan 2nd St. (Cholan Nagar)

₹1600/sq.ft.

The guideline value for Pallavan 2nd St. (cholan Nagar) in Thirumullaivoyal village (Ambattur SRO, Chennai zone) is Rs 1600 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 7% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thirumullaivoyal

Village

Ambattur

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1600 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1500 /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)

Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop,ambattur- 600 053
044-26584174
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Pallavan 2nd St. (cholan Nagar)

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Pallavan 2nd St. (Cholan Nagar) guideline value

The current guideline value of Pallavan 2nd St. (Cholan Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO and is classified as Residential Class III Type - I.

How the guideline value of Pallavan 2nd St. (Cholan Nagar) has changed

The guideline value for Pallavan 2nd St. has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,600 per sq.ft, an increase of 7% from the 2023 revision, which was Rs 1,500 per sq.ft. Prior to that, the 2012 revision also recorded a value of Rs 1,500 per sq.ft, indicating no change from 2012 to 2023. The register does not have figures for the years 2002, 2003, 2007, and 2017 for this street.

Overall, from the 2012 revision to the 2024 revision, there has been a total increase of 7%. This gradual increase reflects the changes in the guideline value over the years, with the latest value being effective from July 2024.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which means that Pallavan 2nd St.'s current value is below this median.

Stamp duty and registration fee for property in Pallavan 2nd St. (Cholan Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000. Together, the total cost for stamp duty and registration fees would be Rs 1,44,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pallavan 2nd St. (Cholan Nagar)?

The Sub Registrar Office that covers Pallavan 2nd St. (Cholan Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value is used to calculate these fees, which can significantly impact the overall cost of the property transaction.

When registering a property, it is essential to ensure that the sale price is either equal to or higher than the guideline value. This ensures compliance with the regulations set forth by the Registration Department, and it helps in avoiding any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Pallavan 2nd St.?

The current guideline value of Pallavan 2nd St. (Cholan Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, representing a 7% increase. There has been no change from 2012 to 2023, with the value remaining at Rs 1,500 per sq.ft.

What is the land classification for Pallavan 2nd St.?

Pallavan 2nd St. is classified as Residential Class III Type - I, indicating its designation for residential purposes within the area.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 1,44,000 in fees.

Which office handles registrations for Pallavan 2nd St.?

The Ambattur Sub Registrar Office handles registrations for Pallavan 2nd St. It is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.