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Guideline Value

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Guideline Value for ROSE NAGAR 1 & 2 MAIN ROAD

₹2970/sq.ft.

The guideline value for Rose Nagar 1 & 2 Main Road in Kovilambakkam village (Pallavaram SRO, Chengalpattu zone) is Rs 2970 per sq.ft, effective 1 July 2024. It was Rs 2700 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Kovilambakkam

Village

Pallavaram

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹2970 /sq.ft.
From 1-4-2023 ₹2700 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1809 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2700 /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)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Rose Nagar 1 & 2 Main Road

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Rose Nagar 1 & 2 Main Road guideline value

The current guideline value for Rose Nagar 1 & 2 Main Road is Rs 2,970 per sq.ft. This street is located in Kovilambakkam village, under the Pallavaram SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Rose Nagar 1 & 2 Main Road has changed

The guideline value for Rose Nagar 1 & 2 Main Road has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,970 per sq.ft, which is a 10% increase from the 2023 revision of Rs 2,700 per sq.ft. Prior to that, the 2017 revision recorded a value of Rs 1,809 per sq.ft, marking a significant increase of 49% from the 2017 figure to the 2023 figure. The 2012 revision also recorded a value of Rs 2,700 per sq.ft, which was a decrease of 33% from the 2017 revision.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the current 2024 revision, there has been an increase of 10% in the guideline value.

Guideline values in Kovilambakkam

In Kovilambakkam, there are 61 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,610 per sq.ft. The median guideline value for these streets is Rs 2,750 per sq.ft, and the current guideline value for Rose Nagar 1 & 2 Main Road is above this median.

Stamp duty and registration fee for property in Rose Nagar 1 & 2 Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total to Rs 2,67,300. 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 Rose Nagar 1 & 2 Main Road?

The Rose Nagar 1 & 2 Main Road falls under the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kovilambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official value of the property. This value is essential for calculating the applicable stamp duty and registration fees, which are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value for Rose Nagar 1 & 2 Main Road?

The current guideline value for Rose Nagar 1 & 2 Main Road is Rs 2,970 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,809 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2023, and now to Rs 2,970 per sq.ft in 2024. There was a significant increase of 49% from 2017 to 2023.

What is the median guideline value for streets in Kovilambakkam?

The median guideline value for the 61 streets in Kovilambakkam under the Pallavaram SRO is Rs 2,750 per sq.ft. Rose Nagar 1 & 2 Main Road's guideline value is above this median.

What are the stamp duty and registration fees for properties in Rose Nagar?

For a property valued at Rs 29,70,000, the stamp duty would be Rs 2,07,900 and the registration fee would be Rs 59,400, totaling Rs 2,67,300. These fees are calculated based on the higher of the guideline value or the sale price.

Which office handles registrations for Rose Nagar 1 & 2 Main Road?

The Pallavaram Sub Registrar Office handles registrations for Rose Nagar 1 & 2 Main Road. It is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.