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Guideline Value

Corporate

Guideline Value for SHRI NAGAR EXTN.

₹1320/sq.ft.

The guideline value for Shri Nagar Extn. in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1200 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹900 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹109 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹92 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[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 Shri Nagar Extn.

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Shri Nagar Extn. guideline value

The current guideline value of Shri Nagar Extn. is Rs 1,320 per sq.ft, effective from 1 July 2024. This area is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this street is Residential Class IV Type - II.

How the guideline value of Shri Nagar Extn. has changed

Over the years, the guideline value of Shri Nagar Extn. has seen significant changes. The earliest recorded figure is from 2002, where the guideline value was Rs 92 per sq.ft. This increased to Rs 109 per sq.ft in 2003, marking an increase of 18%. Following this, there was a substantial rise to Rs 900 per sq.ft in 2007, which represents a remarkable increase of 726%. In 2012, the guideline value remained at Rs 1,200 per sq.ft, and this figure held steady until 2023.

The most recent revision in 2024 saw the guideline value increase to Rs 1,320 per sq.ft, reflecting a change of 10% from the 2023 figure of Rs 1,200 per sq.ft. Overall, from 2002 to 2024, the guideline value has increased by 1,335%.

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Shri Nagar Extn.'s 2024 figure below this median.

Stamp duty and registration fee for property in Shri Nagar Extn.

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your specific property details.

Which Sub Registrar Office covers Shri Nagar Extn.?

The Sub Registrar Office that covers Shri Nagar Extn. is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pallikaranai. It is the minimum value set by the government for property transactions, ensuring that the transaction is recorded at a fair value for tax purposes. Buyers and sellers must be aware of this value to avoid discrepancies during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Shri Nagar Extn.?

The current guideline value of Shri Nagar Extn. is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2002, the guideline value has increased from Rs 92 per sq.ft to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 1,335%.

What is the median guideline value in Pallikaranai?

The median guideline value for the streets in Pallikaranai is Rs 1,650 per sq.ft, which is above the current guideline value of Shri Nagar Extn.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in this area is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where can I find more information about the Sub Registrar Office?

You can find more information about the Sub Registrar Office covering Shri Nagar Extn. at the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.