Guideline Value

Corporate

Guideline Value for Pallikuda Main Road

₹2750/sq.ft.

The guideline value for Pallikuda Main Road in Nerkundram village (Virugambakkam SRO, Chennai zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nerkundram

Village

Virugambakkam

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹2750 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹193 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹175 /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 Pallikuda Main Road

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Pallikuda Main Road guideline value

The current guideline value of Pallikuda Main Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Nerkundram village, which falls under the Virugambakkam SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Pallikuda Main Road has changed

The guideline value for Pallikuda Main Road has undergone several revisions over the years. In 2002, the value was Rs 175 per sq.ft, which increased to Rs 193 per sq.ft in 2003, marking a 10% rise. The value then saw a significant jump to Rs 400 per sq.ft in 2007, reflecting an increase of 107%. Following this, the value reached Rs 2,500 per sq.ft in 2012, which was a 525% increase from the previous revision. However, it dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33% from 2012. The value then increased to Rs 2,500 per sq.ft in 2023, followed by a final revision to Rs 2,750 per sq.ft in 2024, representing a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1,471%. There are no figures available for the revisions in years other than those specified above.

Guideline values in Nerkundram

Nerkundram village has a total of 476 streets under the Virugambakkam SRO, with guideline values ranging from Rs 1,650 to Rs 6,600 per sq.ft. The median guideline value for the village is Rs 2,200 per sq.ft, placing Pallikuda Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Pallikuda Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,750 per sq.ft, the guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Pallikuda Main Road?

The Sub Registrar Office that covers Pallikuda 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 Nerkundram

The guideline value is a crucial factor when buying or selling property in Nerkundram. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must consider this value to ensure compliance with the local regulations during the transaction.

When registering a property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with property transactions. It is essential for both parties to be aware of the guideline value to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Pallikuda Main Road?

The current guideline value of Pallikuda Main Road is Rs 2,750 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 175 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, showing an overall increase of 1,471%.

What is the land classification for Pallikuda Main Road?

The land classification for Pallikuda Main Road is Residential Class III Type - I.

Where can I find the Sub Registrar Office for Pallikuda Main Road?

The Sub Registrar Office for Pallikuda Main Road is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the stamp duty calculated for properties in Pallikuda Main Road?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.