Guideline Value

Corporate

Guideline Value for SHRI THIRUMALAI NAGAR

₹1320/sq.ft.

The guideline value for Shri Thirumalai Nagar 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 ₹400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹100 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹64 /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 Thirumalai Nagar

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Shri Thirumalai Nagar guideline value

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

How the guideline value of Shri Thirumalai Nagar has changed

The guideline value for Shri Thirumalai Nagar has seen several revisions over the years. In 2002, the guideline value was Rs 64 per sq.ft, which increased to Rs 100 per sq.ft in 2003, marking a 56% rise. The value then surged to Rs 400 per sq.ft in 2007, reflecting a significant increase of 300%. By 2012, the value remained unchanged at Rs 1,200 per sq.ft, and this figure persisted through to 2023. In 2024, the guideline value was revised to Rs 1,320 per sq.ft, representing a 10% increase from the previous year.

Notably, the register does not provide a figure for this street for the year 2017. Overall, from 2002 to 2024, the guideline value has increased by 1963%.

Guideline values in Pallikaranai

In Pallikaranai village, there are 749 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft, with a median value of Rs 1,650 per sq.ft. The guideline value for Shri Thirumalai Nagar is below this median.

Stamp duty and registration fee for property in Shri Thirumalai Nagar

For a 1,000 sq.ft plot at the current rate of Rs 1,320 per sq.ft, the 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 to Rs 1,18,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Shri Thirumalai Nagar?

The Sub Registrar Office that covers Shri Thirumalai Nagar 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. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Pallikaranai. It is used to determine the stamp duty and registration fees applicable to the property, ensuring that these costs are calculated based on a standardized value set by the government.

When buying or selling property, it is essential to be aware of the guideline value, as it influences the financial aspects of the transaction. Buyers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Shri Thirumalai Nagar?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 64 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, reflecting an overall increase of 1963% over the years.

What is the median guideline value in Pallikaranai?

The median guideline value for streets in Pallikaranai is Rs 1,650 per sq.ft, with Shri Thirumalai Nagar's value being below this median.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 1,320 per sq.ft results in a total of Rs 1,18,800 for these fees.

Which Sub Registrar Office handles registrations for Shri Thirumalai Nagar?

The Chennai South Joint I Sub Registrar Office is responsible for handling registrations for Shri Thirumalai Nagar, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.