Guideline Value

Corporate

Guideline Value for Pinjalar Street

₹400/sq.ft.

The guideline value for Pinjalar Street in Arani village (Arani_tiruvallur SRO, Chennai zone) is Rs 400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arani

Village

Arani_Tiruvallur

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹400 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹150 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹82 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹73 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.10, S.p Kovil Street, Arani,ponneri(tk),thiruvallur(dt) - 601 101
044-27927859
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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]

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Pinjalar Street guideline value

The current guideline value of Pinjalar Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Arani village, under the Arani_Tiruvallur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Pinjalar Street has changed

Over the years, the guideline value of Pinjalar Street has seen several revisions. The earliest recorded figure is from 2002, with a guideline value of Rs 73 per sq.ft. This increased to Rs 82 per sq.ft in 2003, marking a change of +12%. The value continued to rise, reaching Rs 150 per sq.ft in 2007, which represents an increase of +83% from the previous year. The next revision in 2012 saw a decrease to Rs 400 per sq.ft, a drop of -33% from the 2007 figure.

In 2017, the guideline value rose significantly to Rs 268 per sq.ft, reflecting a change of +49% from 2012. The value remained at Rs 400 per sq.ft in 2023, and again in the 2024 revision, indicating no change between these two years. Overall, from 2002 to 2024, the guideline value has increased by +448%.

Guideline values in Arani

In Arani, there are 51 streets under the Arani_Tiruvallur SRO that carry a 2024 guideline value ranging from Rs 200 to Rs 600 per sq.ft, with a median value of Rs 300 per sq.ft. Pinjalar Street's 2024 figure of Rs 400 per sq.ft is above the median.

Stamp duty and registration fee for property in Pinjalar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total charges to Rs 36,000. 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 more details.

Which Sub Registrar Office covers Pinjalar Street?

The Sub Registrar Office that covers Pinjalar Street is the Arani_Tiruvallur Sub Registrar Office, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Arani. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is used to calculate the applicable duties, which can significantly impact the overall cost of the transaction. Therefore, understanding the guideline value is essential for both buyers and sellers in Arani.

Frequently asked questions

What is the current guideline value of Pinjalar Street?

The current guideline value of Pinjalar Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Pinjalar Street has changed several times, with the earliest recorded figure being Rs 73 per sq.ft in 2002, rising to Rs 400 per sq.ft in the 2012 and 2024 revisions.

What are the stamp duty rates for properties in Pinjalar Street?

The stamp duty for properties in Pinjalar Street is charged at 7% of the guideline value, while the registration fee is 2% of the guideline value.

Which office handles property registration for Pinjalar Street?

The Arani_Tiruvallur Sub Registrar Office handles property registration for Pinjalar Street, located at No.10, S.p Kovil Street, Arani, Ponneri (tk), Thiruvallur (dt) - 601 101.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees applicable during property transactions. It serves as a reference point for both buyers and sellers in the registration process.