Guideline Value

Corporate

Guideline Value for Pallavan Nagar 5th Main Road

₹3600/sq.ft.

The guideline value for Pallavan Nagar 5th 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 5th 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 5th Main Road guideline value

The current guideline value of Pallavan Nagar 5th 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 5th Main Road has changed

The guideline value for Pallavan Nagar 5th Main Road has seen several revisions over the years. In 2002, the value was Rs 309 per sq.ft, which increased to Rs 430 per sq.ft in 2003. By 2007, the value rose significantly to Rs 500 per sq.ft, and then to Rs 3,250 per sq.ft in 2012. However, it dropped to Rs 2,177 per sq.ft in 2017 before climbing to Rs 3,250 per sq.ft again in 2023. The most recent revision in 2024 set the value at Rs 3,600 per sq.ft.

Notably, the changes between revisions show an increase of 11% from 2023 to 2024. The period from 2017 to 2023 saw a substantial increase of 49%. However, the value decreased by 33% from 2012 to 2017. The rise from 2007 to 2012 was remarkable at 550%, while the increase from 2003 to 2007 was 16%. The value also rose by 39% from 2002 to 2003. 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, with a median value of Rs 3,050 per sq.ft. The guideline value of Pallavan Nagar 5th Main Road is above this median.

Stamp duty and registration fee for property in Pallavan Nagar 5th Main Road

For a 1,000 sq.ft plot at the current rate of Rs 3,600 per sq.ft, the 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, totaling 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Pallavan Nagar 5th Main Road?

The Sub Registrar Office that covers Pallavan Nagar 5th 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 plays a crucial role when buying or selling property in Maduravoyal. It serves as a benchmark for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must be aware of this value to ensure compliance with the legal requirements during property registration.

When a property is registered, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and reflects the current market conditions as defined by the government regulations.

Frequently asked questions

What is the current guideline value of Pallavan Nagar 5th Main Road?

The current guideline value of Pallavan Nagar 5th 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 from Rs 309 per sq.ft in 2002 to Rs 3,600 per sq.ft in 2024, with various revisions occurring in between.

What is the registration office for Pallavan Nagar 5th Main Road?

The registration office for Pallavan Nagar 5th Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in Pallavan Nagar 5th Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 at a rate of 7%.

What is the land classification for Pallavan Nagar 5th Main Road?

Pallavan Nagar 5th Main Road is classified as Residential Class I Type - II, which indicates its suitability for residential development.