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Guideline Value

Corporate

Guideline Value for Pallpannai Salai 2nd Cross Street

₹1900/sq.ft.

The guideline value for Pallpannai Salai 2nd Cross Street in Selavoyal village (Madhavaram SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Selavoyal

Village

Madhavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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 Pallpannai Salai 2nd Cross Street

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Pallpannai Salai 2nd Cross Street guideline value

The current guideline value of Pallpannai Salai 2nd Cross Street is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Selavoyal village and falls under the Madhavaram SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Pallpannai Salai 2nd Cross Street has changed

The guideline value for Pallpannai Salai 2nd Cross Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,900 per sq.ft, which represents a 6% increase from the 2023 figure of Rs 1,800 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,206 per sq.ft, marking a significant 49% increase to the 2023 figure. The 2012 revision had set the value at Rs 1,500 per sq.ft, which was a decrease of 20% from the 2017 figure.

There are no recorded figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 27%.

Guideline values in Selavoyal

In Selavoyal, there are 170 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 3,300 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value of Pallpannai Salai 2nd Cross Street is below this median.

Stamp duty and registration fee for property in Pallpannai Salai 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value would be Rs 19,00,000. The stamp duty at 7% would amount to Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, bringing the total cost for these fees to Rs 1,71,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pallpannai Salai 2nd Cross Street?

The Sub Registrar Office covering Pallpannai Salai 2nd Cross Street is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Selavoyal. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a value that reflects the official rates set by the government. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Pallpannai Salai 2nd Cross Street?

The current guideline value of Pallpannai Salai 2nd Cross Street is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,900 per sq.ft in 2024, reflecting an overall increase of 27% over this period.

What are the stamp duty rates for property in Pallpannai Salai 2nd Cross Street?

The stamp duty rate is 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000.

Which office handles property registration for this area?

The Madhavaram Sub Registrar Office is responsible for property registration in Pallpannai Salai 2nd Cross Street, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

What is the land classification for Pallpannai Salai 2nd Cross Street?

The land classification for Pallpannai Salai 2nd Cross Street is Residential Class III Type - I, indicating its suitability for residential development.