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Guideline Value

Corporate

Guideline Value for SRINIVASAN NAGAR EXTN.

₹1320/sq.ft.

The guideline value for Srinivasan 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 ₹804 /sq.ft.
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 ₹72 /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 Srinivasan Nagar Extn.

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Srinivasan Nagar Extn. guideline value

The current guideline value of Srinivasan 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 region is Residential Class IV Type - II.

How the guideline value of Srinivasan Nagar Extn. has changed

The guideline value for Srinivasan Nagar Extn. has seen several revisions over the years. In 2002, the value was Rs 72 per sq.ft, which increased to Rs 100 per sq.ft in 2003, marking a 39% rise. The value then surged to Rs 400 per sq.ft in 2007, reflecting a significant increase of 300%. Following this, the value was revised to Rs 1,200 per sq.ft in 2012, which was a decrease of 33% from the previous revision. The value remained at Rs 1,200 per sq.ft until it was increased to Rs 804 per sq.ft in 2017, a rise of 49%.

In 2023, the guideline value was set at Rs 1,200 per sq.ft, and it saw a further increase to Rs 1,320 per sq.ft in 2024, representing a 10% increase. Overall, from 2002 to 2024, the guideline value has increased by 1733%.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value across these streets is Rs 1,650 per sq.ft, placing the 2024 figure for Srinivasan Nagar Extn. below this median.

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

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, totaling 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 information.

Which Sub Registrar Office covers Srinivasan Nagar Extn.?

The Sub Registrar Office that covers Srinivasan 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. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Pallikaranai. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is set by the government and reflects the minimum value at which a property can be registered.

When buyers and sellers negotiate a sale price, the higher of the sale price or the guideline value will be used to calculate the applicable stamp duty and registration fees. This ensures that the government receives its due revenue from property transactions.

Frequently asked questions

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

The current guideline value of Srinivasan Nagar Extn. 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 significantly, increasing from Rs 72 per sq.ft in 2002 to Rs 1,320 per sq.ft in 2024, which is an overall increase of 1733%.

What is the stamp duty rate for property in Srinivasan Nagar Extn.?

The stamp duty rate for property in Srinivasan Nagar Extn. is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Srinivasan Nagar Extn.?

The Sub Registrar Office for Srinivasan Nagar Extn. is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification of Srinivasan Nagar Extn.?

The land classification of Srinivasan Nagar Extn. is Residential Class IV Type - II, indicating its use for residential purposes.