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Guideline Value

Corporate

Guideline Value for SRI LAKSHMI NARASIMMA NAGAR

₹102/sq.ft.

The guideline value for Sri Lakshmi Narasimma Nagar in Veligaram village (Pallipattu SRO, Chennai zone) is Rs 102 per sq.ft, effective 1 July 2024. It was Rs 100 per sq.ft from 1 April 2023, a 2% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Veligaram

Village

Pallipattu

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹102 /sq.ft.
From 1-4-2023 ₹100 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹67 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹100 /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)

Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207
044-27843480
[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]
Records for a plot on Sri Lakshmi Narasimma Nagar

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Sri Lakshmi Narasimma Nagar guideline value

The current guideline value of Sri Lakshmi Narasimma Nagar is Rs 102 per sq.ft, effective from 1 July 2024. This area is located in Veligaram village and falls under the Pallipattu SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Sri Lakshmi Narasimma Nagar has changed

Over the years, the guideline value of Sri Lakshmi Narasimma Nagar has seen several revisions. The 2012 revision set the value at Rs 100 per sq.ft, which then decreased to Rs 67 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 100 per sq.ft in the 2023 revision, and most recently, it has risen to Rs 102 per sq.ft in the 2024 revision, marking a 2% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 2%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Veligaram

In Veligaram, there are six streets under the Pallipattu SRO that carry a 2024 guideline value, ranging from Rs 102 to Rs 200 per sq.ft. The median value among these streets is Rs 126 per sq.ft, indicating that the guideline value of Sri Lakshmi Narasimma Nagar is below this median.

Stamp duty and registration fee for property in Sri Lakshmi Narasimma Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 102 per sq.ft, the total guideline value amounts to Rs 1,02,000. The stamp duty at 7% would be Rs 7,140, and the registration fee at 2% would be Rs 2,040, bringing the total fees to Rs 9,180. 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 Sri Lakshmi Narasimma Nagar?

The Sub Registrar Office that covers Sri Lakshmi Narasimma Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Veligaram. It is used to determine the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Sri Lakshmi Narasimma Nagar?

The current guideline value of Sri Lakshmi Narasimma Nagar is Rs 102 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, from Rs 100 per sq.ft in 2012 to Rs 67 per sq.ft in 2017, then up to Rs 100 per sq.ft in 2023, and finally to Rs 102 per sq.ft in 2024.

What is the median guideline value in Veligaram?

The median guideline value in Veligaram is Rs 126 per sq.ft, with Sri Lakshmi Narasimma Nagar's current value being below this median.

What are the stamp duty and registration fees for a property in Sri Lakshmi Narasimma Nagar?

For a property valued at Rs 1,02,000, the stamp duty would be Rs 7,140, and the registration fee would be Rs 2,040, totaling Rs 9,180.

Where can I find the Sub Registrar Office for Sri Lakshmi Narasimma Nagar?

The Sub Registrar Office for Sri Lakshmi Narasimma Nagar is the Pallipattu Sub Registrar Office, located at Nagiri Road, Surajapettai, Pallipattu Taluk, Thiruvallur District-631 207, Chennai registration zone.