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Guideline Value

Corporate

Guideline Value for Pallikuda 1st West Street

₹2750/sq.ft.

The guideline value for Pallikuda 1st West Street 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 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 Pallikuda 1st West Street

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Pallikuda 1st West Street guideline value

The current guideline value of Pallikuda 1st West Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Nerkundram village under the Virugambakkam SRO and is classified as Residential Class III Type - I.

How the guideline value of Pallikuda 1st West Street has changed

The guideline value for Pallikuda 1st West Street has seen significant changes over the years. The earliest recorded figure is from 2007, where the value was Rs 400 per sq.ft. This increased to Rs 2,500 per sq.ft in 2012, marking a substantial increase of 525%. However, it then decreased to Rs 1,675 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 2,500 per sq.ft in 2023, and subsequently increased by 10% to reach the current value of Rs 2,750 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 588%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nerkundram

In Nerkundram, there are 476 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 1,650 to Rs 6,600 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Pallikuda 1st West Street is above this median.

Stamp duty and registration fee for property in Pallikuda 1st West Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total 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. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallikuda 1st West Street?

The Sub Registrar Office that covers Pallikuda 1st West Street 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 in property transactions in Nerkundram. It serves as a benchmark for determining the minimum value of a property during registration. Buyers and sellers should be aware that the guideline value impacts the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value is used to calculate the fees, ensuring that all transactions are conducted fairly and transparently. It is essential for both parties to understand the implications of the guideline value on their financial obligations during the sale or purchase process.

Frequently asked questions

What is the current guideline value of Pallikuda 1st West Street?

The current guideline value of Pallikuda 1st West Street 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 significantly, starting from Rs 400 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 588%.

What is the land classification for Pallikuda 1st West Street?

Pallikuda 1st West Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Pallikuda 1st West Street?

The Sub Registrar Office for Pallikuda 1st West Street 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 property transactions?

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