Guideline Value

Corporate

Guideline Value for Pallavaram Road

₹4400/sq.ft.

The guideline value for Pallavaram Road in Parangimalai village (Chennai South Joint Ii SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Parangimalai

Village

Chennai South Joint II

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1100 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹447 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹357 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510538
[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 Pallavaram Road

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Pallavaram Road guideline value

The current guideline value of Pallavaram Road in Parangimalai village is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint II SRO and is classified as Residential Class I Type - II.

How the guideline value of Pallavaram Road has changed

The guideline value for Pallavaram Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 357 per sq.ft, which increased to Rs 447 per sq.ft in 2003. The value then rose significantly to Rs 1,100 per sq.ft in 2007, followed by a substantial jump to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017. The 2023 revision saw an increase to Rs 4,000 per sq.ft, and the latest 2024 revision has set the value at Rs 4,400 per sq.ft.

Between these revisions, the changes were notable. From 2002 to 2003, the increase was +25%, followed by a +146% increase from 2003 to 2007. The value surged by +264% from 2007 to 2012, but then it decreased by -33% from 2012 to 2017. The value increased by +49% from 2017 to 2023, and from 2023 to 2024, it rose by +10%. Overall, from 2002 to 2024, the guideline value has increased by +1132%.

Guideline values in Parangimalai

In Parangimalai, there are 233 streets under the Chennai South Joint II SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,850 per sq.ft, making Pallavaram Road's 2024 figure of Rs 4,400 per sq.ft above that median.

Stamp duty and registration fee for property in Pallavaram Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total charges Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Pallavaram Road?

The Sub Registrar Office covering Pallavaram Road is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for further assistance.

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

The guideline value serves as a benchmark for property transactions in Parangimalai. When buying or selling property, this value is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is registered according to the established rates.

It is essential for buyers and sellers to be aware of the guideline value, as it affects the overall cost of the transaction. Proper understanding of these values can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Pallavaram Road?

The current guideline value of Pallavaram Road is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, starting from Rs 357 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, with various increases and decreases in between.

What is the median guideline value in Parangimalai?

The median guideline value for streets in Parangimalai is Rs 3,850 per sq.ft, while Pallavaram Road's value is above this median.

What are the stamp duty and registration fees for Pallavaram Road?

For a 1,000 sq.ft plot, the total stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000 based on the current guideline value.

Where is the Sub Registrar Office for Pallavaram Road located?

The Sub Registrar Office for Pallavaram Road is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.