Guideline Value

Corporate

Guideline Value for Sardar Patel Road

₹15400/sq.ft.

The guideline value for Sardar Patel Road in Pallipattu village (Adayar SRO, Chennai zone) is Rs 15400 per sq.ft, effective 1 July 2024. It was Rs 14000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallipattu

Village

Adayar

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹15400 /sq.ft.
From 1-4-2023 ₹14000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹9380 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹14000 /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)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[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 Sardar Patel Road

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Sardar Patel Road guideline value

The current guideline value of Sardar Patel Road is Rs 15,400 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village, under the Adayar SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Sardar Patel Road has changed

The guideline value for Sardar Patel Road has seen several revisions over the years. The 2012 revision set the value at Rs 14,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 9,380 per sq.ft. However, the value increased significantly in the following years, with the 2023 revision marking a rise to Rs 14,000 per sq.ft, followed by a further increase of 10% to Rs 15,400 per sq.ft in the 2024 revision.

In summary, from 2017 to 2023, the value increased by 49%, and from 2023 to 2024, it rose by 10%. The overall change from the 2012 revision to the 2024 revision reflects a 10% increase. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pallipattu

Pallipattu village has a total of 72 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 9,400 per sq.ft, positioning Sardar Patel Road's value above this median.

Stamp duty and registration fee for property in Sardar Patel Road

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty calculated at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, bringing the total fees to Rs 13,86,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Sardar Patel Road?

The Sardar Patel Road is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Pallipattu, as it determines the minimum value at which properties can be registered. This value is used to calculate the stamp duty and registration fees that buyers must pay during the transaction process.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value as per the government regulations. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements and to accurately assess the costs involved in the property transaction.

Frequently asked questions

What is the current guideline value of Sardar Patel Road?

The current guideline value of Sardar Patel Road is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 14,000 per sq.ft in 2023 to Rs 15,400 per sq.ft in 2024, marking a 10% increase. Additionally, it rose from Rs 9,380 per sq.ft in 2017 to Rs 14,000 per sq.ft in 2023, which is a 49% increase.

What is the land classification for Sardar Patel Road?

Sardar Patel Road is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

Where can I find the SRO for Sardar Patel Road?

The Sardar Patel Road is served by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for property in Pallipattu?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot on Sardar Patel Road, the total guideline value is Rs 1,54,00,000, resulting in a stamp duty of Rs 10,78,000 at 7%.