Guideline Value

Corporate

Guideline Value for Pallavan Nagar 2nd Main Road

₹3600/sq.ft.

The guideline value for Pallavan Nagar 2nd Main Road in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 3600 per sq.ft, effective 1 July 2024. It was Rs 3250 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹3600 /sq.ft.
From 1-4-2023 ₹3250 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2177 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3250 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹430 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹309 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Nagar 2nd Main Road

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Pallavan Nagar 2nd Main Road guideline value

The current guideline value of Pallavan Nagar 2nd Main Road is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village, under the Virugambakkam SRO, and is classified as Residential Class I Type - II.

How the guideline value of Pallavan Nagar 2nd Main Road has changed

The guideline value for Pallavan Nagar 2nd Main Road has seen significant changes over the years. In 2002, the value was Rs 309 per sq.ft, which increased to Rs 430 per sq.ft in 2003, marking a 39% rise. The value continued to grow, reaching Rs 500 per sq.ft in 2007, a 16% increase from the previous year. Following this, the value surged to Rs 3,250 per sq.ft in 2012, reflecting a substantial 550% increase. However, it fell to Rs 2,177 per sq.ft in 2017, a decrease of 33%. The value then rose again to Rs 3,250 per sq.ft in 2023, before reaching the current figure of Rs 3,600 per sq.ft in 2024, which is an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,065%. It is important to note that there are no figures available for the years not mentioned in this context.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,050 per sq.ft. The median guideline value for these streets is Rs 3,050 per sq.ft, placing Pallavan Nagar 2nd Main Road above this median.

Stamp duty and registration fee for property in Pallavan Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value would be Rs 36,00,000. The stamp duty at 7% would amount to Rs 2,52,000, while the registration fee at 2% would be Rs 72,000. Together, the total cost for these fees would be Rs 3,24,000. 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 Nagar 2nd Main Road?

The Sub Registrar Office that covers Pallavan Nagar 2nd Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Maduravoyal. It serves as a benchmark for determining the minimum value of a property, which is essential for calculating stamp duty and registration fees. When a property is registered, the guideline value is considered to ensure that the transaction reflects an accurate market price.

Additionally, the guideline value helps maintain transparency in property transactions, ensuring that buyers and sellers are aware of the official valuation set by the government. This value is regularly updated to reflect changes in the real estate market, making it an important reference point for all stakeholders involved in property transactions.

Frequently asked questions

What is the current guideline value of Pallavan Nagar 2nd Main Road?

The current guideline value of Pallavan Nagar 2nd Main Road is Rs 3,600 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 309 per sq.ft in 2002 to Rs 3,600 per sq.ft in 2024, reflecting an overall increase of 1,065% over this period.

What is the stamp duty rate for properties in Pallavan Nagar 2nd Main Road?

The stamp duty rate for properties in Pallavan Nagar 2nd Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Pallavan Nagar 2nd Main Road located?

The Sub Registrar Office for Pallavan Nagar 2nd Main Road is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the median guideline value for streets in Maduravoyal?

The median guideline value for streets in Maduravoyal is Rs 3,050 per sq.ft, with Pallavan Nagar 2nd Main Road's guideline value being above this median at Rs 3,600 per sq.ft.