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Guideline Value

Corporate

Guideline Value for Pazhvanthangal Main Road(Gandhi Road)

₹3900/sq.ft.

The guideline value for Pazhvanthangal Main Road(gandhi Road) in Palavanthangal village (Alandur SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Palavanthangal

Village

Alandur

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1250 /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)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 Pazhvanthangal Main Road(gandhi Road)

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Pazhvanthangal Main Road(Gandhi Road) guideline value

The current guideline value of Pazhvanthangal Main Road (Gandhi Road) is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Palavanthangal village, under the Alandur SRO. The land classification for this area is Residential Class I Type - III.

How the guideline value of Pazhvanthangal Main Road(Gandhi Road) has changed

The guideline value for Pazhvanthangal Main Road has seen several revisions over the years. In 2007, the value was Rs 1,250 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 180%. However, it then decreased to Rs 2,345 per sq.ft in 2017, reflecting a decline of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and further increased to the current value of Rs 3,900 per sq.ft in 2024, which is an increase of 11% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 212%. It is worth noting that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is the same as the guideline value for Pazhvanthangal Main Road (Gandhi Road).

Stamp duty and registration fee for property in Pazhvanthangal Main Road(Gandhi Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, totaling Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Pazhvanthangal Main Road(Gandhi Road)?

The Sub Registrar Office that covers Pazhvanthangal Main Road (Gandhi Road) is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is an essential factor when registering property transactions in Palavanthangal. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the property transaction process.

When a property is bought or sold, the guideline value is used to calculate the applicable fees. Buyers should be aware that the fees are based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Pazhvanthangal Main Road?

The current guideline value for Pazhvanthangal Main Road (Gandhi Road) is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2007 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 212% over the years.

What is the land classification for Pazhvanthangal Main Road?

The land classification for Pazhvanthangal Main Road (Gandhi Road) is Residential Class I Type - III.

Where can I find the Sub Registrar Office for Pazhvanthangal?

The Sub Registrar Office for Pazhvanthangal is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Pazhvanthangal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty at 7% would be Rs 2,73,000.