Guideline Value

Corporate

Guideline Value for Pallavan Nagar 4th Main Road

₹3600/sq.ft.

The guideline value for Pallavan Nagar 4th 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 ₹339 /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 4th Main Road

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Pallavan Nagar 4th Main Road guideline value

The current guideline value of Pallavan Nagar 4th Main Road is Rs 3,600 per sq.ft, effective from 1 July 2024. This road 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 4th Main Road has changed

The guideline value for Pallavan Nagar 4th Main Road has seen several revisions over the years. In 2002, the value was Rs 309 per sq.ft, which increased to Rs 339 per sq.ft in 2003, marking a 10% rise. The value continued to grow significantly, reaching Rs 500 per sq.ft in 2007, an increase of 47%. By 2012, the value was Rs 3,250 per sq.ft, reflecting a substantial increase of 550% from the previous revision.

In 2017, the guideline value dropped to Rs 2,177 per sq.ft, a decrease of 33%. The value then rose to Rs 3,250 per sq.ft in 2023, followed by a further increase to 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%.

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, making the guideline value of Pallavan Nagar 4th Main Road above this median.

Stamp duty and registration fee for property in Pallavan Nagar 4th 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, and the registration fee at 2% would be Rs 72,000, bringing the total to Rs 3,24,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallavan Nagar 4th Main Road?

The Sub Registrar Office that covers Pallavan Nagar 4th 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 during the registration of property transactions in Maduravoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction reflects a fair value for taxation purposes.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value or the sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Pallavan Nagar 4th Main Road?

The current guideline value of Pallavan Nagar 4th 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 land classification for Pallavan Nagar 4th Main Road?

Pallavan Nagar 4th Main Road is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

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

The stamp duty is charged at 7% of the higher of the guideline value or the sale price, 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 3,24,000 in fees.

Which Sub Registrar Office covers this area?

The Virugambakkam Sub Registrar Office covers Pallavan Nagar 4th Main Road, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.