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Guideline Value

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Guideline Value for SIVASAKTHI NAGAR - KALAINGER SALAI

₹1320/sq.ft.

The guideline value for Sivasakthi Nagar - Kalainger Salai in Thirusulam village (Pallavaram SRO, Chengalpattu zone) is Rs 1320 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 32% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Thirusulam

Village

Pallavaram

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1320 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹804 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1200 /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 Sivasakthi Nagar - Kalainger Salai

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Sivasakthi Nagar - Kalainger Salai guideline value

The current guideline value for Sivasakthi Nagar - Kalainger Salai is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Thirusulam village, under the Pallavaram Sub Registrar Office, and is classified as Residential Class III Type - I.

How the guideline value of Sivasakthi Nagar - Kalainger Salai has changed

The guideline value for Sivasakthi Nagar - Kalainger Salai has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and most recently, it rose to Rs 1,320 per sq.ft in the 2024 revision, marking a significant increase of 32% from the previous year.

From 2017 to 2023, the guideline value increased by 24%. Overall, from 2012 to 2024, there has been a modest increase of 10%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirusulam

In Thirusulam, there are 74 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,080 to Rs 2,750 per sq.ft, with a median value of Rs 1,940 per sq.ft. The guideline value for Sivasakthi Nagar - Kalainger Salai is below this median.

Stamp duty and registration fee for property in Sivasakthi Nagar - Kalainger Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total cost for these fees 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.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Sivasakthi Nagar - Kalainger Salai?

The Sivasakthi Nagar - Kalainger Salai area is covered by the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Thirusulam. It serves as a reference for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value is compared with the sale price. The higher of the two values is used to determine the applicable stamp duty and registration fees, ensuring that the transaction is fairly assessed according to the established guidelines.

Frequently asked questions

What is the current guideline value of Sivasakthi Nagar - Kalainger Salai?

The current guideline value for Sivasakthi Nagar - Kalainger Salai 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 changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What is the land classification for Sivasakthi Nagar - Kalainger Salai?

Sivasakthi Nagar - Kalainger Salai is classified as Residential Class III Type - I.

Where can I find the registration office for this area?

The registration office for Sivasakthi Nagar - Kalainger Salai is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is the stamp duty calculated for properties in Thirusulam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. It is charged at 7%, while the registration fee is charged at 2% of the guideline value or sale price.