Guideline Value

Corporate

Guideline Value for Pallavan Nagar Officer's Colony

₹3600/sq.ft.

The guideline value for Pallavan Nagar Officer's Colony 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 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)

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 Officer's Colony

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Pallavan Nagar Officer's Colony guideline value

The current guideline value of Pallavan Nagar Officer's Colony is Rs 3,600 per sq.ft, effective from 1 July 2024. This area 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 Officer's Colony has changed

The guideline value for Pallavan Nagar Officer's Colony has seen several revisions over the years. The 2012 revision set the value at Rs 3,250 per sq.ft, which then decreased to Rs 2,177 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 3,250 per sq.ft in the 2023 revision, and then to Rs 3,600 per sq.ft in the 2024 revision, marking an 11% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

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 Pallavan Nagar Officer's Colony's current value above this median.

Stamp duty and registration fee for property in Pallavan Nagar Officer's Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,600 per sq.ft, the total guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, totaling Rs 3,24,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallavan Nagar Officer's Colony?

The Sub Registrar Office covering Pallavan Nagar Officer's Colony 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 during the registration of property transactions in Maduravoyal. It is used to determine the stamp duty and registration fees that are applicable when buying or selling a property.

When a buyer or seller approaches the registration office, the guideline value is assessed to ensure that the correct fees are calculated. This value is essential for maintaining transparency and standardizing property transactions within the region.

Frequently asked questions

What is the current guideline value of Pallavan Nagar Officer's Colony?

The current guideline value of Pallavan Nagar Officer's Colony 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 3,250 per sq.ft in 2012 to Rs 2,177 per sq.ft in 2017, then increased to Rs 3,250 per sq.ft in 2023, and finally to Rs 3,600 per sq.ft in 2024.

What is the land classification of Pallavan Nagar Officer's Colony?

Pallavan Nagar Officer's Colony is classified as Residential Class I Type - II, indicating its suitability for residential development.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 36,00,000, the total fees would amount to Rs 3,24,000.

Where can I find the Sub Registrar Office for Pallavan Nagar Officer's Colony?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find more information about your SRO through the provided link.